This is the fifth bankruptcy request submitted by Valtecia Group against Romcab. The previous bankruptcy requests were either rejected by courthouses or forgone by Valtecia, according to Romcab representatives.
Romcab Targu-Mures, which entered insolvency at its own request at the beginning of 2017, returned to trading on the Bucharest Stock Exchange on March 4, 2021, against the backdrop of confirming its reorganization plan.
Romcab is one of the most active producers of low-tension power cables, boasting an experience of over 70 years and sales in Central, Eastern and Western Europe, on the markets in Germany, Austria, Italy, Hungary, the Czech Republic, Slovakia, Bulgaria, Romania.
The company is 70.5% owned by Targu Mures-based Sadalbari SRL.