It means that some two million Romanian employees, who are contributors to NN Pensii’s Pillar II pension fund, have become indirect investors in TTS.
Per a stock market report of June 11, 2021, 10.18% in TTS was acquired by Dutch group NN, of which 7.58% via NN Pensii, 0.86% via NN Asigurari de Viata and 1.74% via NN Investment Partners. Thus, Dutch group NN holds a 10.2% stake in TTS, which translates into an investment of RON59 million.
TTS shares will start trading on the Bucharest Stock Exchange on June 14.
Transport Trade Services closed its IPO at RON19.2 per share and has a pre-listing capitalization of RON576 million.