Electrogoup Infrastructure subsidiaries are the companies Direct One, Netcity Telecom, specializing in telecom infrastructure for telecom operators and operators of electricity distribution systems, Electrogroup SA, which provides construction and maintenance services for companies holding and developing the telecommunication infrastructure, energy and industrial manufacturing, as well as Nova Power and Gas, which provide electricity and natural gas distribution and supply for industrial and household consumers.
The public offering will include ordinary shares newly issued by the company, as well as shares held by the current shareholders, Teofil Muresan, Simion Muresan and Marian Pantazescu, the company said in an announcement.
The offering will consist of a primary capital raise of up to 1,250,000 new ordinary shares and a secondary offering of up to 1,250,000 existing ordinary shares. The selling shareholders currently hold 100% of the company’s share capital: Teofil Muresan (34%), Simion Muresan (33%), Marian Pantazescu (33%). Upon completion of the offering, they will hold together most of the company’s shares.
The offering targets retail and institutional investors in Romania and some international institutional investors outside the United States of America.
The group operates mostly in Romania, except the infrastructure services segment which it also operates on foreign markets. The group holds and operates the largest neutral intercity fiber optic network and, through Netcity, it holds and operates Bucharest’s underground fiber optic network.
Provided the offering is successful, the group aims to allot significant capital to speed up investments in Netcity and in Bucharest’s metropolitan fiber optic network.
On the energy infrastructure market, the group operates as electricity and natural gas distributor and supplier.
Erste Group Bank AG and WOOD & Company Financial Services, act as Joint Global Coordinators and Joint Bookrunners for the Offer. Banca Comercială Romana S.A. and BRD Groupe Société Générale S.A. act as Joint Bookrunners for the Offer.