Romsar floatation for new HQ

Cosmetics importer Romsar Cosmetics, part of the Greek group Sarantis is planning to invest approximately $2 million in building its own headquarters. “The investment is very much up to the plot of land we’ll buy. If we erect the building for ourselves only, then the investment will probably not be worth more than $1.8-$2 million,” general manager Constantin Tudorache said. He added one of the options to raise cash for the project could be floatation on the Bucharest Stock Exchange. “I don’t know if we should do it or not or if the idea is viable. At any rate, the project is planned for late next year,” he explained. ZF