ZF English

Tina R sells 49% of its shares to aid expansion and BSE listing

12.06.2007, 18:41 10

The shareholders of the clothing stores chain Tina R sold 49% of the company's shares through a capital increase worth 3 million euros, with two targets in mind: expansion onto the local market and floatation on the Bucharest Stock Exchange. The most important new shareholder attracted to the company's structure is Dutch investment fund Middle Europe Opportunity Fund II, managed by Middle Europe Investment (MEI), an independent Dutch investment management company, focusing mainly on acquisitions in Central and Eastern Europe. The other buyers obtained insignificant percentages, and wished to remain anonymous. The transaction valued the company at 6.1 million euros. Tina R registered a turnover worth 4 million euros last year, and operated at an approximately 10% profit margin. "This capital injection will help us witness an accelerated growth in the next 3 years, in order to reach the critical mass necessary for a successful listing through a public offering on the Stock Exchange," said Rares Jianu, general manager of the company.

Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels

AFACERI DE LA ZERO