The contracting of the loan is subject to shareholder approval at a meeting due July 22.
A month ago, the company’s shareholders approved a decision to extend a credit line of RON36 million and a guarantee of RON28.8 million provided by EximBank, as well as to contract two loans of EUR1 million and RON4 million from Banca Comerciala Feroviara.
In September 2012, Romcab opened a new plant in Acatari (Mures county), based on a project co-financed from the European Regional Development Fund. The investment received financing of RON200 million from Eximbank.
Romcab is controlled by businessman Zoltan Prosszer, through car parts provider Sadalbari.
On the Bucharest bourse Thursday, Romcab closed up 1.27% at RON2.4 a share. (EUR1=RON4.4420)