The, approved end-September, entailed the conversion of a EUR5.3 million receivable held by Cyprus-registered Boranium Limited.
In exchange for the cash contribution, paid entirely by Boranium Limited, the firm issued 2.28 million shares.
Somaco Grup Prefabricate has announced mid-2011 a series of investments in the expansion of production.
Thus, the company has installed a new production line for prefab concrete elements for water and sewage systems in Roman, with an initial investment of some EUR3 million.
At the same time, Somaco has bought the G&D Teius prefab plant in Alba county for EUR4 million. Follow-up on this project will include the investment of another EUR2 million in the expansion of the product range.
Somaco Grup Prefabricate includes four plants bought by Oresa Ventures in September 2008 and May 2011.
The Swedish investment company is mainly active in Central and Eastern Europe. In Romania, the company is active since 1997.