The new loans and the extension of the existing credit line for a one-year period will be used to finance the company’s activity, the company said in a statement submitted to the Bucharest Stock Exchange.
The state guarantee will be extended for up to 12 months.
In September 2012, Romcab opened a new plant in Acatari (Mures county), based on project co-financed from the European Regional Development Fund. The investment received financing worth RON200 million from Eximbank.
Romcab is controlled by businessman Zoltan Prosszer, through car parts provider Sadalbari.
On the Bucharest bourse, Romcab last traded down 3.75% to RON2.31 a share. (EUR1=RON4.5225)