The company that includes the famous cold cuts producer is therefore getting ready to start trading on the Bucharest Stock Exchange with a valuation of about RON1.35 billion, market sources told ZF.
Retail investors rushed to buy during the discount days, putting in orders in amount of EUR600 million or 42 times the allocation.
Brokered by BCR and BRD, the offering had two components – sale of 20.87 million existing shares held by the majority shareholder Rangeglow Ltd. and a capital increase by issuing 6.22 million new shares.
Investors therefore had 27.07 million shares available to buy, about 4.06 million of which or 15% of the total allocated to the retail tranche and the remaining about 23 million or 85% to the institutional investors.
The company will use the cash raised via the IPO for general corporate purposes, which include funding its investment plans, according to the issue prospectus.
(English version by Loredana Fratila-Cristescu)