Elefant Online, which operates online retailer elefant.ro, one of the largest online stores on the local market, is expected to be listed on the main market of the Bucharest Stock Exchange.
Elefant Online listed RON7.6 million worth of bonds on the stock market, maturing on September 27, 2021 and for which Elefant pays an interest rate of 9% half-yearly.
Elefant had a turnover of RON104 million in the first half of 2021, and a net loss of RON3.8 million. By comparison, in the first half of 2020, the company had a turnover of RON102 million and a net profit of RON473,000, per the company’s half-year financial report released on Sept 13.
Per Confidas.ro data, Elefant SA is 60.7% held by Cyprus-based Millennium Gold Resources Limited, Netherlands-based OLIF BV with a 29.4% stake and Catalyst Romania Sca Sicar with a 9.92% ownership stake.