Energoutilaj receives 1.1m euros from Imsat

Energoutilaj has rented out 6,575 square metres in production and administrative space to the industrial automation company Imsat. A lease was signed for five years and is worth 1.14 million euros. Both companies are controlled by Broadhurst investment fund, which in turn is run by New Century Holdings (NCH). “Some of Energoutilaj”s current assets will be sold, while others will be rented out. Auctions are now taking place to sell construction equipment and vehicles and their respective subassemblies and spare parts. Some of the unused production space will also be rented out, as with certain sections,” said Claudiu Covrig, Energoutilaj”s general manager. Imsat”s monthly rent payments come to 16,000 euros for one production facility and administrative wing, both of which are situated at the company”s site in Bucharest. ZF