Delta ACM construction company, with 91 million euros inturnover last year, announced it was increasing its share capitalby 223 million lei (around 54 million euros) by capitalisation ofits reserves.
After the increase, the company's capital will amount to 260.7million lei (around 63 million euros).
Over 99.99% of the company's share capital will be held byFlorea Diaconu, following the increase.
"We increased the company's share capital because we want DeltaACM to gain more trust among current and potential clients,especially foreign ones. 2010 was a reference year in the company'shistory, with Delta tapping into the construction market of severalcountries in Africa and the Middle East," said Florea Diaconu,owner of Delta ACM.
Delta ACM in February sealed a contract for the construction ofa motorway section in Iraq, worth 66.7 million dollars (47.8million euros). The company will build a 20.6-kilometre section ofthe 58.3 kilometre-long Erbil-Koya motorway.
For this year, Diaconu estimates a 115 million-euro turnover, upby 24 million euros against 2010, thanks to works carried outabroad.
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