The construction components producer Teraplast Bistrita launched, today, an intial public offer (IPO) in order to be listed at the Bucharest Stock Exchange (BVB). The public offer will end on the 17 of April.
The company offers about 50 million shares, representing 20% of the social capital, for which Teraplast hopes to obtain between 49.6 millions lei and 69.5 millions lei, money that will be used to relocate the production in a new industral park and to increase the capital until 2013. The price will vary between 1 leu and 1.4 lei per share.
The titles are accompanied by allocation rights (short term emitted negociable values will certify the owners right to receive a share that will assigned after the social capital is increased), that could be used in BVB transactions, starting the 30 of April.
Teraplast SA was founded in 1990 by dividing the Construction Materials Enterprise in Bistrita and has four shareholders: SIF Banat-Crişana, Marley Ungaria (member of the Belgian group Aliaxis) and two individual parties.
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