Adrem Group attracts 18 million euros in financing from ING Bank and BRD Groupe Société Générale to support the expansion of operations and the development of ongoing strategic projects, as well as the further development of EPC contracting activities.
Thus, the company increased the guarantee ceiling from ING Bank from 25.5 to 76.5 million lei and contracted a loan of 7.55 million euros from BRD, intended for the early refinancing of bonds issued to the CVI Fund in February 2022.
“The new banking facilities and the early refinancing of bonds come at a key moment in the evolution of the Adrem group. They complement our financial strategy and provide us with the necessary resources for strategic development plans. It is clear proof of the trust of financial partners in our direction and execution capacity,” said Corneliu Bodea, Adrem CEO and President of the Romanian Energy Center.
“This financing reflects our confidence in Adrem’s ability to deliver strategic projects with impact in the energy industry. ING supports companies that actively contribute to the transition to a sustainable economy and to building a future-ready infrastructure,” said Claudiu Sabău, Sales Director, Business Banking division, ING Bank Romania.
Through the collaboration with BRD Groupe Société Générale, Adrem contracted a long-term loan, worth 7.55 million euros, with a maturity of 5 years, intended for the early refinancing of the bonds issued by Adrem three years ago to the CVI Fund. Through this operation, the group improves its liquidity, reduces financing costs and consolidates its base for future strategic investments.
“We stand with ambitious Romanian companies that invest responsibly in modernization and sustainability. Adrem is an example of leadership in the energy industry, and our partnership reflects this shared commitment to the future. Energy is a strategic area, and we, at BRD, want to support companies that can contribute to the long-term sustainable development of the Romanian economy,” said Felix Daniliuc, Executive Director of the SME Department, BRD Groupe Société Générale.
The Adrem Group ended 2024 with total revenues of 70 million euros and a net profit of 6 million euros. The group of companies starts 2025 with consolidated revenues of 21 million euros in Q1, up by over 25% compared to the same period of the previous year. For this year, the company aims to expand its operations and continue investing in strategic projects that support the modernization of the energy system, the digitalization of the infrastructure and the development of integrated and sustainable solutions.