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Romgaz approves today the extension of a credit line worth 14 million USD, taken from Citibank, energynomics.ro has learned. The lending contract was due to expire this month, but will be extended for another year, sources say.

At the same time, at the Romgaz extraordinary general meeting (AGOA) two new board members will be appointed, following the resignation of David Harris Klingensmith and Sergiu Manea, vice president of BCR, who held the position in CA without remuneration.

Since AGOA quorum requirements were not met yesterday, the new meeting is convened for Wednesday, stated in a press release on BSE.

Data of Reference established to identify shareholders entitled to attend and vote in the AGOA is the same, namely March 6, 2015: the state owns almost 70% of the company, Property Fund, nearly 10% several other companies, about 17.7% and the rest is owned by individuals.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.