Sinteza''s manager is principal shareholder

Sorin Pasula, the general manager of chemical company Sinteza Oradea, has become the largest shareholder of this company after the Employees Association that owned over 61.6% in it, dissolved. The distribution of the shares held by the Employees Association, led to Sorin Pasula holding nearly 18.2-million Sinteza shares, accounting for approximately 27.5% in the company. Sinteza Oradea posted turnover of 2.94 million euros in the first nine months of the year, an increase of 17% (in euros) on the corresponding period of last year. ZF