| Project Detail |
Location:
Romania
Project number:
48700
Business sector:
Telecommunications, Media and Technology
Notice type:
Private
English-language PSD published:
04 Dec 2024
Project Description
This PSD relates to a historical Bank project approved some years ago, and does not represent a new approval, or allocation of new funds. Disclosure of this PSD was deferred in accordance with the transparency framework in place at the time, but due to an administrative oversight, was not subsequently disclosed
The Board of Directors approved investment of up to EUR 85 million in the form of equity participation (representing up to 20% of the offering) in favour of RCS & RDS S.A. (the Company), to enable the initial public offering of a leading telecommunications company in Romania.
Project Objectives
The transaction formed a key component of a larger effort to publicly list approximately 27% of the Company on the Bucharest Stock Exchange, enabling expansion of the Company’s investor base. The transaction in turn contributed to improved transparency, visibility and liquidity of the Bucharest Stock Exchange. |
