March 24, 2017 7:34 PM ET

Chemicals

Company Overview of Societatea Nationala a Sarii SA

Company Overview

Societatea Nationala a Sarii SA produces granule and re-crystallized salt and salt solutions. The company is based in Bucharest, Romania.

Calea Victoriei 220

Sector 1

Bucharest,  

Romania

Phone:

40 21 317 8981

Fax:

40 21 312 9569

Key Executives for Societatea Nationala a Sarii SA

Societatea Nationala a Sarii SA does not have any Key Executives recorded.

Societatea Nationala a Sarii SA Key Developments

State Could Buy Salrom from Fondul Proprietatea

State could buy Societatea Nationala a Sarii SA from SC Fondul Proprietatea SA. The Ministry of Economy, majority shareholder in Salrom (51% stake), considers buying the full or partial stake the Fund holds in Salrom. SC Fondul Proprietatea wants to sell its stake through an IPO; however the listing was rejected by the former Minister which declared the company is a strategic asset hat must remain state-run because key sectors of the economy depend on it. Currently, Ministry of Economy cannot buy stakes in state-run companies, thus the legislative framework will have to be changed before any purchase is to take place.

Romania Plans To Sell Minority Stakes In Energy And Transport Infrastructure Firms

Romania will sell minority stakes in several key companies from the sectors of energy and transport infrastructure to finance investment programmes in those enterprises. The list includes Oltenia, Compania Nationala "Aeroporturi Bucuresti" S.A., Constanta Sea Port, S.P.E.E.H.Hidroelectrica S.A., Rompetrol Financial Group S.r.l. and Societatea Nationala a Sarii SA. "Following discussions held by the Government, it was agreed that the diversification of ownership in these enterprises by capitalizing minority stakes may be beneficial for their efficiency and profitability," the government said in a memorandum published on its website. The government will now start identifying the minority stakes for sale in compliance with the legal provisions currently in force, according to the memorandum. For Oltenia and S.P.E.E.H.Hidroelectrica S.A., the energy ministry suggests to run an initial public offering (IPO) to increase their capital by 15.29% and 15% respectively. The ministry of economy holds a 77.15% stake in Oltenia, property restitution fund Fondul Proprietatea owns 21.56%, while the remainder is held by Electrocentrale Grup and Inchidere si Conservare Mine. For Rompetrol, the energy ministry is considering the sale of 26.69% of the company shares it owns through public auction.

Societatea Nationala a Sarii SA Reports Unaudited Earnings Results for the Year 2015; Provides Earnings Guidance for the Year 2016

Societatea Nationala a Sarii SA reported unaudited earnings results for the year 2015. For the year, the company reported operating revenue of RON 324.6 million compared to RON 297.6 million a year ago. Operating profit was RON 31.8 million compared to RON 47.0 million a year ago. Net profit was RON 24.5 million compared to RON 40.2 million a year ago. The company provided earnings guidance for the year 2016. For the year, the company expects operating revenue of RON 329.7 million, operating profit of RON 69.5 million and net profit of RON 57.3 million.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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