Subscribers to the issue were 11 companies, including the majority shareholder Finarge 26, Lafarge’s subsidiary, and the municipality of Rezina, where Lafarge Ciment is situated, CNPF said in a statement.
Lafarge bought 51% of Ciment in 1999 for US$200,000 and pledged to repay the company’s debt of MDL38m and to invest US$12m in the modernisation of the plant. Lafarge owns 94% in the company now and has invested EUR10.05m in the plant so far.
Ciment, situated in northeastern Moldova, produced 821,100t of cement in 2006, up by 30% from 2005, and covered 75% of domestic demand in 2006.
Lafarge said earlier that it would inject EUR30m-40m into Lafarge Ciment in 2006-2009 aiming to increase further its share of the local market.
