Shares of Romanian clothing manufacturer surge after major real estate project announced
The shares of Romanian clothing manufacturer Braiconf (BVB: BRCR), located in Brăila on the Danube, surged by 12% on March 24 after the company convened, through a note published at the Bucharest Exchange, its shareholders for April 25 to…
iulian ernst · Journalist
· Updated · 2 min read
The shares of Romanian clothing manufacturer Braiconf (BVB: BRCR), located in Brăila on the Danube, surged by 12% on March 24 after the company convened, through a note published at the Bucharest Exchange, its shareholders for April 25 to discuss an urban reconversion project for its premises – a project involving a loan of up to EUR 10 million.
The company is controlled by investment vehicle Industries Benjamin (50.8%) while ailing household appliances producer Electroargeş holds 22.5%, and individual investor Ştefan-Alexandru Toderita has 10.6%.
