The operation will be caried out after the approval of the prospectus of the IPO and of admission to trading by Romania’s Financial Supervisory Authority ASF. Brokerage firm SSIF Swiss Capital will act as intermediary.
The IPO will include 66.6 million shares, of a total 133 million shares newly issued until present. Upon the successful closure of the IPO, Aquila will request the admission of its shares to trading on the main market of the Bucharest Stock Exchange.
The IPO targets retail investors and institutional investors in Romania, as well as other eligible institutional investors.
Aquila Group operates in the field of distribution and logistics and the largest company of the group is Aquila Part Prod Com, which made it into the club of billionaires in lei in 2020, due to a 57% surge in turnover. In 2020, the Group had sales of RON1.7 billion, 6% more on the year, and a profit of RON60 million. In the first half of 2021, the Group had a turnover of RON901 million and a net profit of RON21 million.
Aquila was established in 1994 and currently has more than 3,000 employees, operating both locally and in the Republic of Moldova.
The Group’s distribution activity covers nearly 90% of the retail market.
The Group is present in the Republic of Moldova through Trigor AVD which is mostly engrossed in the distribution, storage, national and international transportation of fast-moving consumer goods.
AQUILA’s international transport division boasts European coverage, with a fleet of 114 haulage trucks, of a total 1648 vehicles.
Between 2018 and 2020, the Group carried out on average RON25 million investments per annum. For 2021, its investment budget is estimated at RON21 million.