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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. 

 

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Billionaire Daniel Dines wants 5% stake in Romanian developer One United before listing

Daniel Dines, the founder of automation software maker UiPath, is reportedly in talks to buy a 5% minority stake in Romanian premium real estate developer One United Properties before the company’s planned initial public offering on the Bucharest Stock Exchange next month.

Dines isn’t the only investor who is in talks to buy a stake in One United before the developer’s IPO, Bloomberg reported. Its owners are also negotiating with another investor for another minority stake sale before the listing.

As regards the IPO, it will be conducted as a capital increase for a 10% stake in the company.

The two founders, Victor Capitanu and Andrei Diaconescu, who now control 75% of the company, will retain a stake of about 60% in the end.

BRK Financial Group, the Romanian brokerage firm that will manage the One United IPO, estimates the future free-float will exceed 30% of the company’s shares.

Previous rounds of funding have valued One United at more than EUR 450 million, according to estimates by local newspaper Ziarul Financiar.

Daniel Dines, who co-founded UiPath in Bucharest in 2005 and turned it into the biggest robotic processing automation (RPA) company in the world owns about USD 7 bln worth of UiPath shares. He sold shares worth USD 72 mln in the company’s IPO in April.

(Photo: Uipath Facebook Page)

andrei@romania-insider.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
 

Billionaire Daniel Dines wants 5% stake in Romanian developer One United before listing

Daniel Dines, the founder of automation software maker UiPath, is reportedly in talks to buy a 5% minority stake in Romanian premium real estate developer One United Properties before the company’s planned initial public offering on the Bucharest Stock Exchange next month.

Dines isn’t the only investor who is in talks to buy a stake in One United before the developer’s IPO, Bloomberg reported. Its owners are also negotiating with another investor for another minority stake sale before the listing.

As regards the IPO, it will be conducted as a capital increase for a 10% stake in the company.

The two founders, Victor Capitanu and Andrei Diaconescu, who now control 75% of the company, will retain a stake of about 60% in the end.

BRK Financial Group, the Romanian brokerage firm that will manage the One United IPO, estimates the future free-float will exceed 30% of the company’s shares.

Previous rounds of funding have valued One United at more than EUR 450 million, according to estimates by local newspaper Ziarul Financiar.

Daniel Dines, who co-founded UiPath in Bucharest in 2005 and turned it into the biggest robotic processing automation (RPA) company in the world owns about USD 7 bln worth of UiPath shares. He sold shares worth USD 72 mln in the company’s IPO in April.

(Photo: Uipath Facebook Page)

andrei@romania-insider.com

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