Motoractive needs fresh capital

Motoractive, the largest independent leasing company in Romania in terms of signed contracts, is to increase its share capital on two occasions over the coming months, each time by one million euros. “There will be two share capital increases, each of which will be worth one million euros, the first will come in early October 2004 and the second in March 2005 at the latest,” said Stefan Coroianu, general manager of Motoractive. At present, the company’s share capital stands at 3.383 million euros, the main shareholders being the Romanian-American Enterprise Fund (RAEF), which holds almost 80%, and DEG Deutsche Investitions-und Entwicklungsgesellschaft GmbH, which has 20%. ZF