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General

RCS&RDS to sell up to 25% of shares in IPO - report

Thursday 14 April 2016 | 11:14 CET | News
Romanian telecommunications and media group RCS&RDS is preparing the listing of a package of up to 25 percent of its shares on the Bucharest Stock Exchange, a move that will allow the exit of foreign minority shareholders, writes local publication Hotnews.ro citing unnamed sources. The mandate for the deal estimated at around EUR 500 million was given to a consortium formed by investment banks Citibank and Deutsche Bank and local brokerage firms Wood, Raiffeisen and BRD. The transaction is expected to take place in the second half of 2016.

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Categories: General
Companies: RCS&RDS
Countries: Romania
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