BUCHAREST (Romania), October 10 (SeeNews) - Romanian aluminium processor and distributor Alumil Rom Industry [BSE:ALU] said on Thursday that it will subscribe for 40% of the 3 million Turkish lira ($509,000/462,000 euro) capital increase of its Turkish affiliate Alumil Ege Aluminyum.
The remaining 60% will be subscribed by Greece's Alumil Aluminium Industry, Alumil Rom Industry said in a bourse filing.
Alumil Ege Aluminyum currently has a registered capital of 1.9 million Turkish lira.
Following the capital increase, Alumil Rom Industry's stake in Alumil Ege Aluminyum will remain at 40%.
As at 12:05 CET on Thursday, Alumil Rom Industry shares traded 0.86% lower at 0.694 lei on the Bucharest Stock Exchange.
Alumil Rom Industry was founded in 1997 as a subsidiary of Greece's Alumil Aluminum Industr - an international group active in the aluminum extrusion industry. In 2013, Alumil Rom inaugurated a factory in Filipestii de Padure, Prahova county, in southern Romania, following a 30 million lei investment. The company also has a nationwide distribution network.
(1 euro = 6.4998 Turkish lira)