The company intends to launch an initial public offering of up to 65,990,507 newly issued shares, which account for approximately 35% of the total number of shares issued, in a capital increase.
The offering will be conducted once the Financial Supervisory Authority has approved the prospectus and, following completion, the company will request admission to trading of the shares on the regulated market of the Bucharest Stock Exchange. The brokers are SSIF Swiss Capital S.A. and UniCredit Bank S.A.
“This is an important moment for Electroalfa and for me,” said Gheorghe Ciubotaru, founder and chairman of the Board of Directors of Electroalfa.
The shares in the offering will be distributed to institutional and retail investors.
Gheorghe Ciubotaru owns 80% in Electroalfa Botosani, while Electro-Alfa Management SRL owns 20%.
(English version by Loredana Fratila-Cristescu)