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NNDKP Advises Norofert Group on Listing on Bucharest Stock Exchange’s AeRO Market

NNDKP Advises Norofert Group on Listing on Bucharest Stock Exchange’s AeRO Market

Romania
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Nestor Nestor Diculescu Kingston Petersen is supporting the Norofert Group, a Romanian producer of organic agricultural products, on its listing in the AeRO market of the Bucharest Stock Exchange in Spring 2019.

Norofert hopes to raise EUR 1 million via the private placement. Following the placement, the company will initiate procedures to float Norofert’s shares on the AeRO market. Norofert will be the first company from the agricultural and agro-tech sector on the Bucharest Stock Exchange.

According to NNDKP, the expected free-float of Norofert will be between 30-40 percent, subject to the final valuation. The capital raised during the private placement will be directed into building a new factory in Romania's Constanta county, which will allow the company to improve its production capabilities and increase the storage capability. Other parts of the capital will be directed into growing the sales team and opening its own laboratory, allowing Norofert to grow its own strains of bacteria and microorganisms instead of importing them from outside Europe.

The NNDKP team consists of Partners Alina Radu, Corina Dumitru, and Lucian Barbu.

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