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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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Romanian real estate developer Impact operates EUR 49 mln private placement

Real estate developer Impact Developer & Contractor (BVB: IMP) wants to raise RON 245 million from investors through a private placement that started on January 4 and will end on January 21, the company announced in a statement.

"The increase in share capital aims to finance the company's development plans and implement the expansion strategy at the national level," reads a resolution of the Impact Council in September last year, Bursa.ro reported.

The subscription in the private placement is made based on the "first come, first served" (FIFO) method based on the subscription form, in lei or euro - in lei equivalent at the exchange rate announced by the National Bank of Romania, valid on the day of the subscription. Swiss Capital mediates the market operation.

For the first nine months of last year, Impact Developer & Contractor reported revenue from the sale of properties of RON 135.35 mln, down 19% compared to the same period last year, while net profit amounted to RON 7.5 mln, 43% lower than in the first three quarters of 2020.

On July 5 last year, Gheorghe Iaciu owned about 60% of the company, while Adrian Andrici owned almost 16% of Impact Developer & Contractor. The market valuation of the real estate developer amounts to RON 1.1 bln (EUR 220 mln).

andrei@romania-insider.com

(Photo source: the company)

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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 

 

BSE

 

 

Romanian real estate developer Impact operates EUR 49 mln private placement

Real estate developer Impact Developer & Contractor (BVB: IMP) wants to raise RON 245 million from investors through a private placement that started on January 4 and will end on January 21, the company announced in a statement.

"The increase in share capital aims to finance the company's development plans and implement the expansion strategy at the national level," reads a resolution of the Impact Council in September last year, Bursa.ro reported.

The subscription in the private placement is made based on the "first come, first served" (FIFO) method based on the subscription form, in lei or euro - in lei equivalent at the exchange rate announced by the National Bank of Romania, valid on the day of the subscription. Swiss Capital mediates the market operation.

For the first nine months of last year, Impact Developer & Contractor reported revenue from the sale of properties of RON 135.35 mln, down 19% compared to the same period last year, while net profit amounted to RON 7.5 mln, 43% lower than in the first three quarters of 2020.

On July 5 last year, Gheorghe Iaciu owned about 60% of the company, while Adrian Andrici owned almost 16% of Impact Developer & Contractor. The market valuation of the real estate developer amounts to RON 1.1 bln (EUR 220 mln).

andrei@romania-insider.com

(Photo source: the company)

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