Alprom Slatina to merge with Alro Slatina

Aluminium processor Alprom Slatina has managed to increase its turnover by 70% for the first nine months of this year, after having completed the operational integration with its principal shareholder, Alro Slatina. The increase in sales, however, was accompanied by losses. Alprom generated 471bn ROL (11.7 million euros) in sales in the first nine months of the year, but created losses of 135bn ROL (3.3 million euros). Alprom is 85%-owned by primary aluminium producer Alro Slatina, while Alro’s majority shareholder, the Marco Group, owns more than 5%. Alprom processes aluminium made by Alprom and the two companies are due to merge according to a decision by shareholders this year. Alro is controlled by the Marco Group, behind which, according to the latest information on the market, stands Russian businessman Vitali Misitki. Misitki is known for his petroleum business in Russia, where he controls the Rinko petroleum group. ZF