The loans were approved at a shareholder meeting set for November 19.
Upet swung to a net profit of 540,000 lei (EUR120,000) in the first nine months of 2012, from losses a year earlier, with sales rose 67% to around RON59 million.
Upet’s main shareholders are Cyprus-based Obsesione Enterprises Limited and Ogetto Limited, with a 33% stake each, while the rest is distributed among minor shareholders, according to the latest data.
The company has a share capital of RON29.8 million, divided into 11.9 million shares, with a face value of RON2.5.
On the Bucharest bourse October 25, Upet closed down 0.73% at RON1.221 a share. (EUR1=RON4.5342)