Poor quorum at OIL Terminal’s GSM


The majority shareholder, the Romanian state, did not attend in the last shareholders meeting (GMS) of the Oil Terminal.

The lack of state representatives was felt, and the GSM in which the budget of incomes and expenses for the current year was to be approved had a derisory quorum, according to profit.ro.

The management of the company was no longer informed about the analysis stage of the offer presented by the American strategic investor.

The Ministry of Energy, which holds the control package of 59.62% of the titles of the operator of the oil terminal in Constanta Port, not only did not send a representative, but did not even carry out the formalities of voting by correspondence. The first stage of the GSM was “slammed” by the state itself, and the second held an insignificant quorum, of 0.03%.


Leave A Reply