“A group of Romanian private investors in the energy sector and an Italian company are interested in taking over Vulcan,” said the sources.
Vulcan is controlled by Tender through firm Grupul Energetic Tender SA Bucuresti, which holds a 74.79% stake in the steam generator maker.
Tender told Mediafax Monday investors’ interest in Vulcan has increased, due to its financial results and international success. He declined to reveal the name of the two companies.
Vulcan registered EUR23 million in turnover last year and estimates it will reach EUR35 million in 2012. It employs some 900 people.