“We are thinking of going public, but have some work ahead of us. It will be a while until a potential floatation, we haven’t even started the process,” Radu Timis told ZF.
He and his wife Cristina talked with the Bucharest Stock Exchange in an interview about their cold cuts business and about the importance of the stock market for companies and investors.
“As an investor, when you use a product, say from Cris-Tim, and the company that makes it is listed on the stock market, you actually invest in yourself. Every time you buy a product, you invest in yourself and get medium and long-term profitability. And that brings the certainty that that particular company will still be there in 100 years,” Radu Timis said on the 7/24 Capital show of the Bucharest Stock Exchange published on the Romanian capital market operator’s YouTube channel.
A potential listing of Cris-Tim would fill the void left by dairy producer Albalact delisted last year after having changed owners.
Cris-Tim is a business with EUR125 million revenue a year and 2,500 employees.
(English version by Loredana Fratila-Cristescu)