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Dornafarm to increase share capital by 1.7 million euros |
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Written by Broker Castellano
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Monday, 22 October 2007 |
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Pharmaceuticals distributor Dornafarm could increase its share capital
by 5.84 million RON (some 1.7 million euros) to a total of 7.2 million
RON, with cash contributions from shareholders, the Suceava-based
company announced. The proposal to increase the capital was approved
during a general meeting. The shareholders will be able to subscribe
shares from November 3 until December 3. Dornafarm will merge (as
absorbing company) with Farmastop Services and Farmacia Gara de Nord,
after shareholders rejected a merger with Sanrotex. The distributor's
majority shareholder is pharmacist Ovidiu Constantin Rabanca, who holds
52.37% of shares, with the remainder divided among over 3,400
shareholders.
Dornafarm posted turnover worth 32.54 million RON last year, an
increase of 36.4% on 2005, and approximately 40,000 RON in net profit.
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