Romportmet sheds construction supplies

The shareholders of harbour operator Romportmet Galati have agreed on breaking up the company by divesting assets worth 6.8 million euros (248.15bn ROL) from it and transferring them to the newly established Rompreco Galati. Romportmet Galati is therefore separating its harbour services and the construction supplies production after having invested several million euros in order to tap into the latter sector, including 3.4 million euros in a factory that makes concrete pavement tiles. The company representatives were not available for additional information. As a result of the break-up, Romportmeta??s share capital will go down by 25% from 928,000 euros (33.86bn ROL) to 693,000 euros (25.3bn ROL) by cancelling a number of 8.55 million shares with a par value of 1,000 ROL. Romportmet is controlled by the US-based investment fund Broadhurst, and sources close to the company say the new construction supplies producer established in late March, Rompreco Galati ,is to merge with another Broadhurst-held construction supplies company, Elpreco Craiova. ZF