Conpet, oil pipeline network operator, to quadruple capital

The shareholders of Romanian oil transport company Conpet Ploiesti, the owner of the country’s oil pipeline network, will vote in an Extraordinary General Meeting on July 4 on increasing the company’s share capital almost four times, from RON 28.6 million (EUR 6 mln) to RON 130.3 million (EUR 27 mln). The capital increase will be operated to include in the capital the value of the land the company owns and uses, not yet accounted as own capital. The state controls ...

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