“Our personnel policy remained unchanged compared to what we targeted in previous years in the 2004-2011 strategy program. Our company has made major investments in Romania in the 2004-2008 period, of over $160 million,” the plant’s Chairman of the Board, Adrian Popescu, told Business Standard.
TMK Resita’s majority shareholder, the Russian TMK group, has initiated an offer to take over the shares it does not control. The Russian group is offering minority shareholders RON 1.9 million (some €0.44 mln) for the remaining package of 0.51 percent of the plant’s capital.
TMK Resita has a capital worth RON 327.5 mln (some €76.21 mln), divided into 131 million shares with a nominal value of RON 2.5 (€0.58). These shares ended Tuesday’s session on the Stock Exchange in stagnation, at RON 2.86. Based on this quotation, the plant’s market value is RON 374.7 mln (approximately €87.19 mln).
