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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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RO distribution firm Aquila floats shares close to price set in IPO

The shares of the transport and distribution company Aquila were traded at Bucharest Stock exchange (BVB) on November 29 in the first hours after the debut, very close to the price of RON 5.50 per share set in the EUR 74 mln initial public offer (IPO), the largest such operation conducted so far by an entrepreneurial company on the Romanian capital market.

Toward the end of the trading day, the price eased to RON 5.46, consistent with a market capitalization of nearly RON 1.1 bln (EUR 220 mln).

“Through the success of the primary public offering of Aquila, a market leader in the segment of distribution of consumer goods, we hope to raise awareness of other local entrepreneurs on the alternative of financing and developing their businesses with the support of the local capital market,” said Olimpiu Blajut, Deputy CEO, Swiss Capital - the brokerage house that intermediated the IPO and listed Aquila’s shares.

Aquila was established in November 1994 as an entity specialized in integrated services of distribution of consumer goods and logistics.

Since 2001, the company has expanded in the Republic of Moldova by setting up the distribution company Trigor AVD.

Aquila is currently the market leader in the field of consumer goods distribution, having 14 distribution centers, four logistics centers, the largest distribution fleet in Romania – 1,647 vehicles, a network of 67,000 points of sale, a storage infrastructure of 120,000 sqm and a team of 3,000 employees.

(Photo: Aquila 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 

 

BSE

 

 

RO distribution firm Aquila floats shares close to price set in IPO

The shares of the transport and distribution company Aquila were traded at Bucharest Stock exchange (BVB) on November 29 in the first hours after the debut, very close to the price of RON 5.50 per share set in the EUR 74 mln initial public offer (IPO), the largest such operation conducted so far by an entrepreneurial company on the Romanian capital market.

Toward the end of the trading day, the price eased to RON 5.46, consistent with a market capitalization of nearly RON 1.1 bln (EUR 220 mln).

“Through the success of the primary public offering of Aquila, a market leader in the segment of distribution of consumer goods, we hope to raise awareness of other local entrepreneurs on the alternative of financing and developing their businesses with the support of the local capital market,” said Olimpiu Blajut, Deputy CEO, Swiss Capital - the brokerage house that intermediated the IPO and listed Aquila’s shares.

Aquila was established in November 1994 as an entity specialized in integrated services of distribution of consumer goods and logistics.

Since 2001, the company has expanded in the Republic of Moldova by setting up the distribution company Trigor AVD.

Aquila is currently the market leader in the field of consumer goods distribution, having 14 distribution centers, four logistics centers, the largest distribution fleet in Romania – 1,647 vehicles, a network of 67,000 points of sale, a storage infrastructure of 120,000 sqm and a team of 3,000 employees.

(Photo: Aquila Facebook Page)

andrei@romania-insider.com

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