Romania's chemical group Chimcomplex seeks EUR 60 million loan
<p>Romania's largest chemical group, Chimcomplex, invited its shareholders on April 11 to endorse plans for a EUR 60 million loan, according to a note to investors published by the company.</p>

<p>The financing will be used for "implementing investments, carrying out any expenses provided for in the company's business plans, refinancing," among others, according to the company's note.</p>

<p>Chimcomplex will also ask for its shareholders' approval (the company is controlled by Stefan Vuza) to sell non-core assets worth EUR 20 million.</p>

<p>Chimcomplex reported nearly RON 1.5 billion (EUR 300 million) turnover (+7% y/y) and remained in the black with a net profit of RON 3.5 million (-77% y/y).</p>

<p>The company has a market capitalisation of RON 3 billion (EUR 600 million) after the price of its shares plunged by 46% y/y. It did not distribute dividends in 2024.</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source: the company)</em></p>