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Romanian Prefab Borrows Up To EUR20M To Finance Operations

Romanian construction materials maker Prefab (PREH.RO) Thursday approved taking out loans worth up to EUR20 million to finance production and investments, the company said in a statement.

Florentina Dragu · 24 noiembrie 2011 · 1 min de citit

Prefab eyes total investments of roughly 46 million lei (EUR10.56 million) in 2012.

End-September, Prefab accessed a credit line from lender BRD (BRD.RO) to pay for the construction of a EUR5 million cogeneration unit Japanese Kawasaki will deliver to its plant in Calarasi.

Prefab is 81.4% owned by its board president, Marian Petre Milut, through Romerica International. Other shareholders include regional investment fund SIF Muntenia (SIF4.RO), with some 13%.

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