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
 

RO agribusiness company sees its private placement 15 times oversubscribed

Agroland Agribusiness, a division of Agroland Business System (AG), raised RON 6 mln (EUR 1.2 mln) through a private placement of new shares on April 15.

The offer, managed by local brokerage firm Tradeville, was oversubscribed 15 times, with total orders worth RON 90 mln (EUR 18 mln) placed by investors in less than a minute.

The company sold 225,000 new shares at RON 27 each and was valued at RON 30.4 mln (EUR 6 mln). The minimum subscription was 5,000 shares or roughly RON 135,000 (EUR 27,400).

After the successful private placement, Agroland Agribusiness will list its shares on the Bucharest Stock Exchange's AeRO market with the ticker AAB.

The high interest from investors for the company's shares came after the strong debut of its parent group on the AeRO market. Agroland Business System listed its shares in early March, and the trading price on the first day was four times higher than the price paid by investors who participated in the private placement. Agroland Agribusiness was set up in 2016 and has been functioning independently since 2017.

The company sells inputs for conventional and organic agriculture and trades grain. It also runs a business incubator for agri-tech startups.

The company will use the money raised from investors to develop its business both organically and through possible mergers, acquisitions, and investments in agricultural startups.

(Photo courtesy of the company)

andrei@romania-insider.com

Normal
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
 

RO agribusiness company sees its private placement 15 times oversubscribed

Agroland Agribusiness, a division of Agroland Business System (AG), raised RON 6 mln (EUR 1.2 mln) through a private placement of new shares on April 15.

The offer, managed by local brokerage firm Tradeville, was oversubscribed 15 times, with total orders worth RON 90 mln (EUR 18 mln) placed by investors in less than a minute.

The company sold 225,000 new shares at RON 27 each and was valued at RON 30.4 mln (EUR 6 mln). The minimum subscription was 5,000 shares or roughly RON 135,000 (EUR 27,400).

After the successful private placement, Agroland Agribusiness will list its shares on the Bucharest Stock Exchange's AeRO market with the ticker AAB.

The high interest from investors for the company's shares came after the strong debut of its parent group on the AeRO market. Agroland Business System listed its shares in early March, and the trading price on the first day was four times higher than the price paid by investors who participated in the private placement. Agroland Agribusiness was set up in 2016 and has been functioning independently since 2017.

The company sells inputs for conventional and organic agriculture and trades grain. It also runs a business incubator for agri-tech startups.

The company will use the money raised from investors to develop its business both organically and through possible mergers, acquisitions, and investments in agricultural startups.

(Photo courtesy of the company)

andrei@romania-insider.com

Normal
 

Romania Insider Free Newsletters