Danish fund gets 20% of SMLM Danero

The Danish-based Investment Fund for Central and Eastern Europe has become a shareholder of SMLM Danero, which operates in the Romanian wood industry, according to data published by the company in the Official Gazette. The investment fund brought a 135,000-euro contribution to SMLM’s capital, securing 20% of the shares. In the wake of this operation, the company’s share capital climbed from 2 million RON (0.5 million euros) to 2.4 million RON (0.7 million euros). Currently, the company’s share capital is divided among Stratusmob Blaj and the Danish registered company, Labofa-Munch, which hold 40% each, as well as the Investment Fund for Central and Eastern Europe, which holds 20%. The latter has since appointed Polish-born Piotr Krzysztof Lemieszek as manager. SMLM manufactures office furniture sold exclusively on the Danish market. In July, Szabo Carol, general manager of Stratus Mob Blaj told Mediafax that SMLM would post a turnover worth 150,000 euros a month in the first two or three years of activity, with this indicator to later grow to 200,000 euros.