Digi to list shares on Bucharest Stock Exchange in May

News General Romania 11 APR 2017
Digi to list shares on Bucharest Stock Exchange in May

Digi, a provider of telecommunication services in Romania and Hungary, announced its intention to launch an initial public offering of ordinary shares of class B for the public in Romania and some professional institutional investors. Digi intends to request the admission of shares to trading on the regulated market operated by the Bucharest Stock Exchange in May.

Local media reports said in March the operator plans to float a 20-30 percent stake at the Bucharest Stock Exchange.

The company plans to list at least 25 percent of its share capital, assuming the over-allotment option of 10 percent of the shares is applied immediately after the shares' admission for transactioning at the Bucharest Stock Exchange.

Citigroup and Deutsche Bank are acting as joint global coordinators. They are also acting as common holders of the submissions registry together with BT Capital Partners, BRD – Groupe Societe Generale, Societe Generale, Raiffeisen Bank and Wood & Company Financial Services.


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