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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

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Romanian group Agroland lists second company on Bucharest Stock Exchange

Agroland Agribusiness went public on the AeRO market of the Bucharest Stock Exchange (BVB), after a private placement for shares, through which the company raised RON 6.07 mln (EUR 1.2 mln) from investors. The company's shares are traded under the AAB ticker.

The funds will be used to develop the company and finance investments in fixed assets, mergers & acquisitions, as well as to invest in agricultural startups.

In the first two hours of trading, its shares soared by 33% compared to the price in the private placement, putting the company's market capitalization at RON 36 mln (EUR 7.2 mln). At the end of the first trading day, the gain moderated to 24%.

Agroland Agribusiness started its activity in 2016 as a division of the parent company Agroland Business System, owned by Horia Cardos. Since 2017, Agroland Agribusiness has operated independently, legally and financially. The main object of activity is the marketing of inputs for conventional and organic agriculture, including fertilizers, plant protection products and seeds. The secondary activity concerns the trading of cereals.

In 2020, Agroland Agribusiness registered a turnover of RON 18.4 mln (+88% compared to the previous year). The net profit obtained was RON 1.26 mln +(232% compared to the previous year), with a net margin of 6.82%.

Agroland Agribusiness is the second company in the group to come on the AeRO market, after the parent company, Agroland Business System (AG), listed on March 1, 2021.

Agroland took its first steps on the stock exchange a year ago, on June 16, 2020, when Agroland Business System bonds (AGR25) started trading.

Agroland group managed to attract overall RON 22.05 mln (EUR 4.5 mln) from investors through a private placement for bonds in 2020 and other two private placements for shares carried out in 2020 and 2021 by Agroland Business System and Agroland Agribusiness.

andrei@romania-insider.com

(Photo source: Facebook/Bursa de Valori Bucuresti)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

BVB
 

Romanian group Agroland lists second company on Bucharest Stock Exchange

Agroland Agribusiness went public on the AeRO market of the Bucharest Stock Exchange (BVB), after a private placement for shares, through which the company raised RON 6.07 mln (EUR 1.2 mln) from investors. The company's shares are traded under the AAB ticker.

The funds will be used to develop the company and finance investments in fixed assets, mergers & acquisitions, as well as to invest in agricultural startups.

In the first two hours of trading, its shares soared by 33% compared to the price in the private placement, putting the company's market capitalization at RON 36 mln (EUR 7.2 mln). At the end of the first trading day, the gain moderated to 24%.

Agroland Agribusiness started its activity in 2016 as a division of the parent company Agroland Business System, owned by Horia Cardos. Since 2017, Agroland Agribusiness has operated independently, legally and financially. The main object of activity is the marketing of inputs for conventional and organic agriculture, including fertilizers, plant protection products and seeds. The secondary activity concerns the trading of cereals.

In 2020, Agroland Agribusiness registered a turnover of RON 18.4 mln (+88% compared to the previous year). The net profit obtained was RON 1.26 mln +(232% compared to the previous year), with a net margin of 6.82%.

Agroland Agribusiness is the second company in the group to come on the AeRO market, after the parent company, Agroland Business System (AG), listed on March 1, 2021.

Agroland took its first steps on the stock exchange a year ago, on June 16, 2020, when Agroland Business System bonds (AGR25) started trading.

Agroland group managed to attract overall RON 22.05 mln (EUR 4.5 mln) from investors through a private placement for bonds in 2020 and other two private placements for shares carried out in 2020 and 2021 by Agroland Business System and Agroland Agribusiness.

andrei@romania-insider.com

(Photo source: Facebook/Bursa de Valori Bucuresti)

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