Vest Energo Seeks EUR35M Loan For Investments In Power Projects

04.13.2011 By Andrei Circhelan

Romanian energy producer Vest Energo Bucharest (VESE.RO) plans to borrow EUR35 million for investment in electricity and thermal power production in cogeneration.

Romanian energy producer Vest Energo Bucharest (VESE.RO) plans to borrow EUR35 million for investment in electricity and thermal power production in cogeneration.

Shareholders will discuss the proposition in a meeting set for April 28.

The company is 80.78% owned by managing board president Constantin Bucur.

Vest Energo shares were last traded on the Bucharest Stock Exchange on January 21, at 21 lei (EUR1=RON4.114) per unit, up 13.4% on the day.