“Admission to trading at the premium category of the regulated market of the Bucharest Stock Exchange of the shares issued by the company after and conditioned upon the successful completion of the initial public offering conducted by the company’s shareholders (…) is hereby approved,” reads the decision of the General Meeting of Shareholders published in the Official Gazette on Friday.
TTS ended last year with 280 million lei (EUR60.3 million) revenue, the same as in 2014 but lower than the RON322 million of 2015, according to the Finance Ministry data. It budgeted growth of 10% in 2017. It posted RON135 million revenue in the first half ended on June 30, 2017, up from RON107 million in the year-ago period.
The company transports all sorts of freight from grain and fertilizers to heavy industry materials on the Danube. The TTS group is one of the biggest transport operations in Romania on the river and rail transport segments. (EUR1=RON4.6400)
(English version by Loredana Fratila-Cristescu)