Comvex could take out investment credit worth up to 20m euros

Bulk handling terminal Comvex in Constanta intends to take out an investments credit worth up to 20 million euros, with a decision to be reached by the shareholders on July 17, the company announced. The shareholders will also approve the company's investment plan for 2008-2009, reads a Comvex release sent to the Rasdaq market. Comvex specialises in loading and unloading goods to and from ships, handling and storing bulk raw materials, such as iron ore, scrap iron and cereals. The company posted net profit worth 16.12 million RON (4.8 million euros) last year, up 76.4% on 2006, and revenues worth 80.55 million RON (24.1 million euros). According to the latest available data, the company is controlled by Solidmet Bucuresti, with 53.94% of shares.