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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 

BVB

 

RO engineering firm Simtel listed at BVB 80% above prospect valuation

Romanian engineering firm Simtel, a start-up founded by three local engineers with a common entrepreneurial past in the telecom services area, started trading at Bucharest Stock Exchange (BVB) some 80% above the price in the private placement carried out in May, Profit.ro reported.

The market capitalization thus exceeded RON 160 mln (EUR 32 mln). Under the private placement of new shares in May, a 15% stake was purchased by the investors.

Immediately after, at the same price per share, Paval Holding purchased a 5% stake from the three founders, who share the remaining 80% stakes in equal shares.

Iulian Nedea (general manager), Sergiu Bazarciuc (operations director), and Radu Vilău (technical director) are the three founding members.

Simtel specialises in technologies for renewable energy applications, such as installing PV panels for Altex and Dedeman store chains.

The company reached a turnover of RON 42 mln, an EBITDA of RON 5.8 mln, and a net profit of RON 4 mln (over EUR 0.8 mln) in 2020. 

(Photo: Diana Oros/ Inquam Photos)

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

 

RO engineering firm Simtel listed at BVB 80% above prospect valuation

Romanian engineering firm Simtel, a start-up founded by three local engineers with a common entrepreneurial past in the telecom services area, started trading at Bucharest Stock Exchange (BVB) some 80% above the price in the private placement carried out in May, Profit.ro reported.

The market capitalization thus exceeded RON 160 mln (EUR 32 mln). Under the private placement of new shares in May, a 15% stake was purchased by the investors.

Immediately after, at the same price per share, Paval Holding purchased a 5% stake from the three founders, who share the remaining 80% stakes in equal shares.

Iulian Nedea (general manager), Sergiu Bazarciuc (operations director), and Radu Vilău (technical director) are the three founding members.

Simtel specialises in technologies for renewable energy applications, such as installing PV panels for Altex and Dedeman store chains.

The company reached a turnover of RON 42 mln, an EBITDA of RON 5.8 mln, and a net profit of RON 4 mln (over EUR 0.8 mln) in 2020. 

(Photo: Diana Oros/ Inquam Photos)

andrei@romania-insider.com

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