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Schoenherr advises on successful IPO of TTS shares worth EUR 58.5m
Mihai Cristea 09/06/2021 | 14:56
Schoenherr si Asociatii SCA advised on the successful completion of an initial public offering (“IPO”) for the sale of 50 % of the existing shares issued by TTS (Transport Trade Services) SA (“TTS”), to both institutional and retail investors, for a total price of approx. EUR 58.5m.
Following the successful completion of the IPO, TTS will apply to list its shares on the regulated market of the Bucharest Stock Exchange, in the Premium tier.
“
We are happy to have advised on this IPO. It has been a while since we have seen such a large-scale initial public offering of shares in Romania and we are proud to have helped make this one a success.” said Schoenherr capital markets partner Narcisa Oprea, who led the team advising on the project.