Romania Foraj Sonde Ernei Seeks RON64M Loan
Romanian oil drilling company Foraj Sonde Ernei (FOSP.RO) plans to borrow up to 64 million lei (EUR14.7 million) to finance investments, the company said in a statement Wednesday.
The proposal was approved at a shareholder meeting earlier today.
Foraj Sonde Ernei is 61.3%-owned by local businessman Aron Vasile, who is also general manager of the company.
On the Bucharest bourse November 15, Foraj Sonde Ernei closed down 58% at RON21 a share. (EUR1=RON4.3539)
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