The European Bank for Reconstruction and Development (EBRD) announced it participated in the recently concluded initial public offering (IPO) of Electro-Alfa International (EAI), a Romanian leader in advanced electrical engineering solutions for critical infrastructure, subscribing EUR 16.4 million for a 5% stake in the company’s share capital.<\/p>\n
\u201cOur equity investment in Electro\u2011Alfa reflects the EBRD\u2019s strong commitment to deepening Romania\u2019s capital markets and supporting high\u2011quality local champions,\u201d said Frederic Lucenet, EBRD Global Head of Manufacturing and Services.<\/p>\n
The IPO raised EUR 114.7 million by selling new shares and placed 35% of the company’s post-money capital on the market, marking one of the most important recent listings in Romania.\u00a0<\/p>\n
The IPO values the company at some RON 1.62 billion (EUR 320 million) post-money.<\/p>\n
This marks one of the most significant Romanian listings in recent years and is expected to support the deepening of the country\u2019s capital markets, with EAI\u2019s stock anticipated to enter the flagship BET (Bucharest Exchange Trading) index, Romania\u2019s flagship equity index, which reflects how the country\u2019s largest and most liquid listed companies are performing.<\/p>\n
By helping a Romanian small-cap company access the public markets, the EBRD is supporting the development and diversification of local capital market instruments. At the same time, the investment will enhance the company\u2019s competitiveness through improved operational standards, innovation capacity, and strengthened corporate governance.<\/p>\n
The EBRD said it will continue to work closely with EAI and market partners to foster private sector development and deepen investor confidence in Romania\u2019s capital market potential.<\/p>\n
iulian@romania-insider.com<\/em><\/p>\n (Photo source: press release)<\/em><\/p>","protected":false},"excerpt":{"rendered":" The European Bank for Reconstruction and Development (EBRD) announced it participated in the recently concluded initial public offering (IPO) of Electro-Alfa International (EAI), a Romanian leader in advanced electrical engineering solutions for critical infrastructure, subscribing EUR 16.4 million for a 5% stake in the company’s share capital. \u201cOur equity investment in Electro\u2011Alfa reflects the EBRD\u2019s […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8872","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/8872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8872"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/8872\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}