“We have a timeframe for an IPO in October. We have this placement option, but at the same time quite a lot of propositions for direct investments, via M&A deals for stakes of 7%, 15% and 25%. Considering we intend to have a free float of only 25%, we may conclude M&A operations ahead of that and later do a technical listing to ensure liquidity,” Tiberiu Stoian told ZF.
“However, we would like investors that subscribe for at least three years and then do an IPO directly on the Regulated Market of the Bucharest Stock Exchange.”
(English version by Loredana Fratila-Cristescu)