“We are considering floating stock within the next five years, and we are talking with our shareholders. (…) The listing will surely not take place in 2011 or 2012, since this is not the right time. We won’t float on the Warsaw or London bourses, we will go to Bucharest or Sibiu,” Socol said within the forum ZF Digital ’11.
The company official expects Siveco to achieve sales of EUR70 million this year, compared to EUR65 million in 2010.
“We have over 1,000 employees, we are active in 17 states and we hope to triple sales within the next three years,” Socol added.
Siveco was founded in 1992 and it is owned by Dutch Siveco Netherlands BV. Other shareholders include PEF V Information Technology – 22.5%, Intel Capital (Cayman) Corporation – 10%, Irina Socol – 10.98%, Mihail Radasanu – 7.62%, Siveco Romania – 3.75%, Gabriel Ilia – 2.68%, Daniela Bichir – 0.14% and Ecaterina Crusti – 0.14%.