Romania Insider reported that a group of investors from the Republic of Moldova took over half of the capital of Laminorul Danube Metallurgical Enterprise, which owns and operates the steel pipe production unit in Oțelu Roşu in Caraş Severin county of Romania. Polish company Sunningwell International Polska has sold 49.09% of the shares of Laminorul Danube Metallurgical Enterprise to Omnisteel from the Republic of Moldova and 0.91% to Metary from Romania, being left with 50% of the shares. Omnisteel is controlled by Moldovan businessmen Mr Valentin Eșanu (35%) involved in scrap iron trading, Mr Andrei Zabolotnîi (35%) owner of the IT company Omnicom and Mr Alexandru Rotaru (30%). Mr Rotaru, who is also a sole partner at Metary, was appointed administrator at Laminorul Danube Metallurgical Enterprise, but an agreement with Sunningwell’s representative is needed for all decisions. Sunningwell International Polska is founded, controlled and managed by Polish businessman Mr Marek Frydrych (99.09%), and the metallurgical products trader West Trade from Poland (0.91%). The Romanian pipe maker Laminorul Danube Metallurgical Enterprise is incorporated in 2019, under the law of Romania to facilitate acquisition of assets as well as manage them in the territory of Romania. This company has already acquired Otelu Rostu Steel Plant in Romania, which previously belonged to Invest Nikarom. Otelu Rosu Steel Plant is the melting shop unit, which produces low, mid, high carbon and highly alloyed steel billets for further rolling of concrete reinforcement bars, wire and special steels. Designed production capacity is 850,000 tonnes per year liquid steel. The total area of land owned by Otelu Rosu plant is 85.3695 hectare.