(Jul. 9) – Italian producer of equipment for the oil and gas industry Walter Tosto, which took over the Nuclear Energy Components and Equipments Factory (FECNE) in Bucharest earlier this year, will invest 30 million euros in the factory. “The FECNE project, apart from the purchase price of 7 million euros, will have an investment plan valuing 30 million euros, for innovation and professional development,” reads an official company statement. FECNE was bought in 1998 by the Norwegian Kvaerner group and taken over in 2002 by Nuclearmontaj, part of the Tender Group, controlled by business man Ovidiu Tender. In 2006, FECNE entered into liquidation and in 2011 it was acquired by Romenergo. (red)
