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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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IT solutions provider Arctic Stream raises EUR 4 mln in private placement

Arctic Stream, a provider of services and equipment in the market of communications technologies, data centres and software solutions, completed a RON 21 mln (EUR 4 mln) private placement of shares successfully.

The anticipated capitalization of Arctic Stream stands at almost RON 105 mln (EUR 20 mln).

The company will list its shares on the multilateral trading system operated by the Bucharest Stock Exchange (BVB), on the AeRO market, with the symbol AST. TradeVille will assist the listing in its capacity as Authorized Consultant.

The placement was heavily oversubscribed, with investors bidding for seven times more shares than the target, Ziarul Financiar reported. In the private placement, 838,260 shares were offered for sale (20% of the company's shares), the final price established being RON 25 per share.

Dragoş Octavian Diaconu, founder and CEO of Arctic Stream, is the one who is selling part of his shares. He held before the placement 3.6 mln shares, representing 86.1% of the company's share capital.

andrei@romania-insider.com

(Photo source: Pixabay.com)

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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
 

IT solutions provider Arctic Stream raises EUR 4 mln in private placement

Arctic Stream, a provider of services and equipment in the market of communications technologies, data centres and software solutions, completed a RON 21 mln (EUR 4 mln) private placement of shares successfully.

The anticipated capitalization of Arctic Stream stands at almost RON 105 mln (EUR 20 mln).

The company will list its shares on the multilateral trading system operated by the Bucharest Stock Exchange (BVB), on the AeRO market, with the symbol AST. TradeVille will assist the listing in its capacity as Authorized Consultant.

The placement was heavily oversubscribed, with investors bidding for seven times more shares than the target, Ziarul Financiar reported. In the private placement, 838,260 shares were offered for sale (20% of the company's shares), the final price established being RON 25 per share.

Dragoş Octavian Diaconu, founder and CEO of Arctic Stream, is the one who is selling part of his shares. He held before the placement 3.6 mln shares, representing 86.1% of the company's share capital.

andrei@romania-insider.com

(Photo source: Pixabay.com)

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