RTPR has advised Grup Serban Holding on the private placement of shares and preparation for the admission to trading on the AeRO market of the Bucharest Stock Exchange.
According to the firm, the company raised RON 12.7 million through the placement, and admission to trading is to take place at the beginning of next year.
Grup Serban Holding operates in several fields, such as agriculture, grain trading, oil plants and vegetables, poultry farming, bakery, pastry-confectionery, public catering, distribution, and transport.
"We would like to thank the RTPR team for all their support offered for the successful closing of this first step towards the capital markets, a step through which we wish, together with the investors who joined us, to succeed in implementing our growth plans at an accelerated pace, investing in modern technologies with an important component of sustainability and reducing the impact on the climate, focusing on sustainable agricultural activities such as crop rotation, the use of no-till technology – minimum soil work, composting, carbon capture and respectively reduced use of chemical fertilizers. All these investments are aimed at increasing the EBITDA margins, bringing added value to all parties involved," commented Grup Serban Chief Financial Officer Ovidiu Bucataru.
The RTPR team was coordinated by Associate Marina Fecheta-Giurgica, under the supervision of Partner Mihai Ristici. It also included Junior Associate Flavia Mincu.
