Concefa plans EUR 28 million residential project in Sibiu

According to a company statement forwarded to Rasdaq capital market, the company's shareholders also plan to discuss a loan of EUR 6 million for acquiring shares in the construction company Bravcof Brasov and a further takeover project of the company.
According to its financial reports for 2007, the company registered a turnover of EUR 12.7 million and a net profit of EUR 922,000 in the first nine months of 2007.
Concefa group runs construction activities which account for 70 percent of the company's turnover, besides trade and transportation. It is 61.07 percent controlled by a private Romanian businessman.

Magda Purice