Kirsan Swiss GmbH, a Swiss-registered holding company that is a subsidiary of a construction group of the same name from Moldova, has acquired almost half of the stake in a Romanian company. Last October, the Romanians signed the first contract for financing from EU funds of the National Plan for Recovery and Resilience (PNRR) for a project to build a photovoltaic panel plant in Romania,” Logos Press reported citing Profit.ro.
Kirsan Swiss GmbH acquired for more than 2 million Romanian lei (approximately 8 million Moldovan lei) 49% of the capital of the Brasov-based construction company KBK Kraft Projekt, which is developing a project for the construction of an industrial workshop for the assembly of solar panels in the municipality of Sfintu Gheorghe, Covasna County, in the Sepsi Industrial Park in the Cimpul-Frumos district, with non-recourse PNRR funding of almost 4 million euros.
According to available public data, the Swiss company is controlled and managed by Moldovan businessman Sergiu Coman and his family. According to termene.ro, the Romanian citizen, born in the Republic of Moldova, has also joined KBK Kraft Projekt’s shareholder base as a new partner with a 2% stake. She is an administrator in 3Fan-Proiect, a company controlled by Sergiu Coman in Moldova. The original partners – Moldovan entrepreneurs with Romanian citizenship Veaceslav Caragaceanu, Nicolae Bosomu and Andrei Ielescu – were left with approximately 16.33% of KBK Kraft Projekt shares each.
The Brasov-based company is implementing a photovoltaic panel production plant project on a land plot of almost 1 hectare, for which it enjoys tax benefits as a resident of an industrial park. KBK Kraft Projekt plans a daily production capacity of up to 430 panels with the prospect of increasing it. The new largest shareholder, Kirsan Swiss GmbH, says it also plans to build a solar panel factory in Switzerland.
