Shareholders also approved the conclusion of factoring contracts without financing recourse of EUR7,1 million and RON6,3 million. The credit limits represent the value of the assigned receivables and covered for risk by Piraeus Bank of EUR7,9 million and RON7 million for debtors accepted in advance by the bank, the company said in a statement Friday.
Businessman Zoltan Prosszer owns the majority stake in Romcab (69%) through car part dealer Sadalbari.
The company has a market capitalization of RON79 million.