The funds raised will be used mainly to acquire distribution firms and companies that own major brands on the fast-moving consumer goods market.
The company’s IPO consisted in selling a maximum 66.6 million shares, representing 50% of the total number of shares issued by the company. All shares issued were subscribed. The final offer price within the IPO was set at RON5.5 per share.
A part of the funds raised will be used for the working capital, the digitalization of operations, the increase in traceability and productivity and development of own brands.
Per previous approvals, Aquila shares are expected to be traded on the regukated market of the Bucharest Stock Exchange in December 2021, under the ticker symbol AQ.
SSIF Swiss Capital S.A. acted as IPO broker while SSIF TradeVille S.A. and SSIF BRK Financial Group S.A. were part of the distribution group. Law firm Schoenherr si Asociatii provided legal assistance on the project in close collaboration with Radu Vasilescu, coordinator of Aquila’s legal department.