Sicomed borrows $8m

Sicomed Bucharest, Romania’s leading drugmaker, will take an $8m loan from Banc Post and HVB Bank. The loan will be secured by the State and will mature in five years. “The $8m loan granted by Banc Post and HVB Bank for five years will be used to continue the investment process in 2004, in line with the company’s development strategy,” Sicomed general manager Klaas Postema told Ziarul Fianciar. The loan will be discussed during the General Meeting of Shareholders on December 8. The drugmaker has invested $14m in modernisation in the past three years. ZF