Cemacon increases capital for floatation

Construction supplies manufacturer Cemacon Zalau intends to increase its share capital by 5.86 million RON (1.66 million euros) in view of a floatation on the Bucharest Stock Exchange. As a result of the increase, its capital will reach 7.3 million RON (2.08 million euros). This will allow the company to meet the first condition of floatation, which requires an issuer to have more than 2 million euros in share capital. The increase will be effected by using the reserves made from previous years” profits. “We intend to float on the Bucharest Stock Exchange to benefit from funding opportunities for our future investment projects, which we cannot get now. The floatation will be conducted next year, depending on the requirements we have to meet,” Andrei Hodis, Cemacon”s marketing manager, told Ziarul Financiar. ZF