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Romania s CEC Bank lends 60 mln lei (12.3 mln euro) to Damen Shipyards Mangalia Damen Shipyards Mangalia
Source: Damen website
BUCHAREST (Romania), February 19 (SeeNews) - Romanian state-owned lender CEC Bank said that it is lending 60 million lei ($14.9 million/ 12.3 million euro) to Damen Shipyards Mangalia, jointly owned by the Romanian state and by Dutch group Damen.
The loan will help Damen to finance current operations of its Mangalia shipyard, CEC Bank said in a press release on Thursday. We want Damen Mangalia to become one of the best performing ship building sites both in Romania and globally and we are glad that CEC Bank is supporting this plan, the general manager of Damen Shipyards Mangalia, Chris Groninger, said.