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Romanian Chimcomplex To Build EUR22M Power Unit

Romanian chemical plant Chimcomplex Borzesti (CHOB.RO) will invest up to EUR22 million in a new thermal power unit, the company said in a statement Tuesday.

Florentina Dragu · 13 decembrie 2011 · 1 min de citit

The project, approved at a shareholder meeting earlier today, will be co-financed from European funds, Chimcomplex said.

Additionally, the company decided to borrow EUR8.5 million from Raiffeisen Bank to upgrade its power systems.

Chimcomplex is 83.8% owned by A2 Impex Ploiesti, a member of the Serviciile Comerciale Romane group, controlled by businessman Stefan Vuza.

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