Romanian fuel distribution firm JT Grup Oil, controlled by local businessman Jean Paul Tucan (90%), estimates its business at EUR 37 million and seeks to raise EUR 11 million-13 million in exchange for 28.5% with an IPO designed to capitalise on a highly optimistic growth story that relies mostly.
Romanian independent fuel distribution company JT Grup Oil initiated the procedures and announced plans to carry out a public offering (IPO) by which 10 million new shares worth EUR 12 million and accounting for 28.5% of its capital would be followed by the listing of its shares at Bucharest.
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