TTS recently ran an initial public offerings for 50% of its shares and will start trading on the Bucharest Stock Exchange on Monday.
Transport Trade Services closed its IPO at RON19.2 per share and has a pre-listing capitalization of RON576 million.
Capital Market
Paval Holding Buys 5.3% in Transport Trade Services
Paval Holding, the financial investment vehicle of brothers Adrian and Dragos Paval – who own DYI retail chain Dedeman, has acquired 5.3% in river freight transporter Transport Trade Services (TTS) for RON31 million.