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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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Romanian gourmet dairy valued at EUR 16 mln in private placement before BVB listing

Agroserv Mariuta, the Romanian company that developed the gourmet dairy brand "Laptaria cu Caimac'', raised RON 19.4 million (some EUR 4 mln) in a private placement in which it sold a 24.9% stake.

The financing round, managed by local brokerage firm BT Capital Partners - part of Banca Transilvania group - puts the company's value at some EUR 16 mln.

The selected investors placed orders in a total amount of RON 70 mln, 3.6 times the value of shares on sale, as the maximum amount that a single investor could subscribe was RON 1 mln. The company's shares will be listed on the Bucharest Stock Exchange's AeRO market.

The company will use the funds obtained from issuing new shares to develop its factory. It plans to build a bottle and jar washing station, utility systems, and packaging storage in various stages.

Last October, Agroserv Mariuta issued bonds denominated in euro, in a total amount of EUR 3 mln with a 5.25% coupon and a five-year maturity. The bonds were also listed at BVB in December and were traded last time (April 26) 249bp above par.

"The company returned to the investors' attention with this private placement of shares, and we enjoyed their growing interest. Everything went very well, the offer was oversubscribed, and we are very pleased that our plans for the future were received with enthusiasm. It is the second major step for us, after the listing of bonds in winter," said Adrian Cocan, co-founder and general manager of Agroserv Mariuta.

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 

BVB
 

Romanian gourmet dairy valued at EUR 16 mln in private placement before BVB listing

Agroserv Mariuta, the Romanian company that developed the gourmet dairy brand "Laptaria cu Caimac'', raised RON 19.4 million (some EUR 4 mln) in a private placement in which it sold a 24.9% stake.

The financing round, managed by local brokerage firm BT Capital Partners - part of Banca Transilvania group - puts the company's value at some EUR 16 mln.

The selected investors placed orders in a total amount of RON 70 mln, 3.6 times the value of shares on sale, as the maximum amount that a single investor could subscribe was RON 1 mln. The company's shares will be listed on the Bucharest Stock Exchange's AeRO market.

The company will use the funds obtained from issuing new shares to develop its factory. It plans to build a bottle and jar washing station, utility systems, and packaging storage in various stages.

Last October, Agroserv Mariuta issued bonds denominated in euro, in a total amount of EUR 3 mln with a 5.25% coupon and a five-year maturity. The bonds were also listed at BVB in December and were traded last time (April 26) 249bp above par.

"The company returned to the investors' attention with this private placement of shares, and we enjoyed their growing interest. Everything went very well, the offer was oversubscribed, and we are very pleased that our plans for the future were received with enthusiasm. It is the second major step for us, after the listing of bonds in winter," said Adrian Cocan, co-founder and general manager of Agroserv Mariuta.

andrei@romania-insider.com

(Photo source: the company)

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