Stirom Borrows Eurs 1M From Majority Shareholder

Stirom, Romania's largest glass manufacturer, announced on 21 October that it has borrowed working capital of EUR 1M from its majority shareholder, MGL Mediterranean Glass Ltd (part of Yioula Glassworks). The 36-month loan has an annual interest rate of 5.5%. Stirom said in a statement to the over-the-counter market RASDAQ, on which it is listed. Stirom's net profit fell to ROL 5.88M in the first half of 2005 (9.5M). Its turnover fell to ROL 56.1M (58.7M).

Author
Un-named
Origin
Unknown
Journal Title
Glass Style January 2006 93
Sector
News Items
Class
N 1887a

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Stirom Borrows Eurs 1M From Majority Shareholder
Glass Style January 2006 93
N 1887a
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