Romania ArcelorMittal Roman Increases Share Capital By RON292M
Romanian steel pipes maker ArcelorMittal Tubular Products Roman (PTRO.RO) will increase its share capital by 292.1 million lei (EUR67 million) to RON725 million, the company said in a statement Thursday.
ArcelorMittal Tubular Products Holding, the tubular products arm of the world’s largest steelmaker ArcelorMittal and majority owner of Tubular Products Roman and Tubular Products Iasi (TPRO.RO), late last year announced plans to invest RON370 million in the capital stock of the two companies.
ArcelorMittal Tubular Products Roman was to increase its share capital by RON292.1 million, while the capital of ArcelorMittal Tubular Products Iasi would be raised to RON241 million, from RON162.9 million presently.
The Iasi-based company is yet to announce its decision on the matter.
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