The investment "represents a significant step by the company to implement its sustainable development strategy", according to a company announcement.
The company from Adjud reported total revenues of RON 236.2 million (€47.24 million) in the first half of 2023, down 16% compared to the same period in 2022, and a net profit of RON 8.54 million (€1.7 million) down 32%.
In the period January-June 2023, the company made investments of RON 25 million (€5 million), increasing by 37%.
Vrancart has a capitalization of almost RON 200 million (€40 million) and is 75.5% controlled by Lion Capital, while Paval Holding has a 17.2% stake.
