EBRD supports stock exchange debut of Romanian food producer

The proceeds of the IPO will be applied towards the company’s investment programme and will support the issuer’s strategy to expand and modernise its production facilities, strengthen its position in the processed meat and ready-meal segments, and pursue selective acquisitions to consolidate its market presence and diversify its product portfolio.

The IPO is expected to have a demonstration effect for other prospective issuers seeking a listing on the Bucharest Stock Exchange, which the EBRD wants to encourage to deepen regional capital markets. Cris-Tim is the first food producer to list on the Bucharest Stock Exchange, thereby broadening investment diversification opportunities on the local capital market and paving the way for other Romanian entrepreneurial companies to follow suit.

Before the listing, the EBRD worked with the company to strengthen its corporate governance framework. The EBRD has also worked with the Bucharest Stock Exchange on revising its corporate governance code, bringing it in line with recent regulatory developments, updated global best practices and the priorities of market participants.

As a leading investor in Romania and across central and eastern Europe, the EBRD is also well placed to support plans by the company to expand its business and competitiveness.

Founded in 1992, Cris-Tim Family Holding S.A. is a Romanian company specialising in meat processing, the national leader in both the cold cuts and ready meals segments.