Published: October 1, 2013
Adeplast to become first private company in five years to list in Bucharest.
Adeplast, a Romanian construction materials manufacturer, is to launch an IPO.
The company will sell 16,500,000 shares, representing 33.3% of the company’s total share capital, with the aim of raising €13mn-15mn (US$17.6mn-20.4mn). This will be the first IPO by a private company on the Bucharest Stock Exchange in five years. Romania Commercial Bank and Intercapital will manage the offering.
Adeplast specialises in insulation and finishing materials for the construction trade. In 2012 the company saw total revenues of 184.4mn Romanian lei (US$56.2mn), up 29% on the previous year.