01 July 1997

Nomura funds $100 mln Romania tyre project (Reuters)

BUCHAREST, July 1 (Reuter) - Nomura International Plc, the European arm of Nomura Securities Co Ltd investment bank of Japan, said on Tuesday it had provided $100 million in finance to leading Romanian private tyre maker Tofan Group SA.

In a statement sent to Reuters in Bucharest, Nomura said it had arranged a $60 million equity financing for the development of the group's activity. It also said it would arrange "debt facilities amounting to $40 million."

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