Colas increases capital by 4 million euros

Colas Romania, the local subsidiary of the French company Colas, operating in the road construction field, will increase its share capital by some 4.1 million euros (14.6 million RON), following a contribution in kind by the parent company in France, according to data from the Official Gazette. The contribution in kind will consist of movable goods: materials, equipment and other machinery, with the share capital to reach some 6.3 million euros (22.6 million RON). Company representatives could not be contacted by the time this issue was ready for print. The French constructor Colas is active on the local market through Colas SA, Colas Romania, Sorocam Bucharest, Ancorad Craiova and SCCF Iasi, according to the latest information. Colas SA posted a turnover worth 21 million euros in 2005 and a profit worth one million euros, an over two-fold decline against last year. Colas Romania has not yet released its financial results for 2005.