Alro Slatina | Romania Feed

Aluminum producer Alro Slatina (ALR.RO) reported net loss of RON14.8 million for the first quarter of 2024, compared to a negative result of RON52.4 million in the same period of 2023, as per its quarterly financial report published at the Bucharest Stock Exchange on May 14.

Aluminum producer Alro Slatina has signed a memorandum of understanding with Azeraluminium, the only primary aluminum producer in the South Caucasus region.

Aluminum producer Alro Slatina, one of the largest vertically integrated aluminum producers i Europe, in the first quarter of 2023 posted consolidated turnover worth RON822 million, 25% lower than in the year-earlier period, and net losses of RON52 million, from a net loss of RON18 million in 1Q/2022.

Alro Slatina, one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, has been declared as “selected investor” following a public tender organized by Complexul Energetic Oltenia (CEO) to build together a natural gas power generation plant at Isalnita.

Funds of Dutch NN Group, which operate in the fields of insurance, mutual funds and mostly on the mandatory private pension funds (Pillar II) segment, on Monday reported a 5% ownership stake in aluminum producer Alro Slatina (ALR.RO), which equals an investment of nearly RON96 million.

Aluminum producer Alro Slatina (ALR.RO) on Wednesday said that NN pension funds exceeded the 5% ownership threshold of Alro’s share capital, reaching a holding of 5.04%, on April 29, 2021.