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MedLife’s listing on BVB, the first of a Romanian private company after a decade

MedLife’s listing is the first initial public offering (IPO) of a private company in Romania after nearly a decade and represents a step forward for the capital market, the President of the Bucharest Stock Exchange (BVB), Lucian Anghel said for agerpres.ro.

According to him, the stock exchange is a tool for companies seeking to be transparent and that have a future with an efficient management.

MedLife offer was subscribed and the company could enter the stock market as of 21 December, under ‘M’ symbol.

V4C Eastern Europe Holding V Limited, International Finance Corporation (IFC), member of World Bank, MedLife’ shareholders, announced that the final price of the bid is set on RON 26/share, according to an information sent to BVB.

The total value the bid is RON 230 million for 8.8 million shares representing 44 percent of the total. The final bid price implies a company’s market capitalization of RON 522.4 million.

V4C private equity fund sold its entire stake in the company representing 36.25 percent of the share capital, while IFC – 7.75 percent.

MedLife Group net profit decreased by 99.5 percent in the first nine months of this year compared to the same period of 2015 to RON 43,138, according to unaudited data, as the data published on bvb.ro on December 6 reveal.

 

 




About Anca Bernovici