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Conares has $25m for COST

The new owner of steel mill COS T=rgoviste (COST) - Russian-held Swiss company Conares Trading is planning to invest $21 million in the company in the next five years and to grant the plant a $4.5m loan for the working capital. The Conares investments will aim at the modernisation of equipment, computer systems, marketing and environment protection and were included in the privatisation contract

Ziarul Financiar · 22 mai 2003 · 1 min de citit



The new owner of steel mill COS T=rgoviste (COST) – Russian-held Swiss company Conares Trading is planning to invest $21 million in the company in the next five years and to grant the plant a $4.5m loan for the working capital. The Conares investments will aim at the modernisation of equipment, computer systems, marketing and environment protection and were included in the privatisation contract. COST also got a five-year rescheduling of its debts to Distrigaz Sud ($3.34m), Electrica SA (5.07m euros) and 58.01 billion ROL to the National House of Health Insurance. ZF



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