Romanian construction materials holding ROCA Industry completes EUR 14mn capital increase

Romanian industrial holding specializing in construction materials ROCA Industry, listed on the AeRO Premium market of the Bucharest Stock Exchange (BVB: ROC1), announced it completed the second stage of the EUR 14mn capital increase.

“We managed in the two rounds of the process to increase the holding’s capital, ensuring the continuity of our ambitious development strategies for the portfolio companies and their transformation into regional champions,” said Ionuț Bindea, CEO of ROCA Industry.

Held between January 16 and 30, 2024, some 6.25 million new shares were subscribed during this stage (private placement stage), with a total value of RON 62.5mn (EUR 12.5mn).

In total, during the two stages of the capital increase, some 7.17mn new shares with a face value of 10 RON were issued, ROCA Industry thus increasing its capital by RON 71.7mn (some EUR 14mn).

The company's share capital thus increased from the nominal value of RON 176.9mn to RON 248.7mn (EUR 50mn), according to a note issued by ROCA Industry.

ROCA Industry, directly and indirectly, owns eight companies: BICO Industries (the first and largest national producer of fiberglass mesh and the only domestic producer of fiberglass reinforcement), EVOLOR ( one of the biggest players in the paint and varnish production industry), Eco Euro Doors (the largest Romanian manufacturer of doors for residential constructions), Dial (the company specialized in manufacturing of wire products), Electroplast (one of the leading producers of electrical cables), as well as fiberglass producers Terra, Europlas, and Iranga (indirectly owned through BICO Industries).

(Photo: the company)