Romania’s RCS&RDS (Digi) has launched a private equity offer that values the company at between €782 million and €1.2 billion.
The expected free float is of at least 25% of the company’s issued share capital and its listing on the Bucharest Stock Exchange is expected on May 16.
ZF reports that the share vendors include Zoltan Teszari, the founder of RCS&RDS; Carpathian Cable Fund; ING Bank; and politician Nicusor Schelean.
Separately, it also reports that Standard & Poor’s has raised the rating for Digi Communications, RCS&RDS’s poarent company, from B+ to BB due to its stable outlook based on solid operational performance.
RCS&RDS is the leading provider of pay-TV services in Romania and also has a strong presence in neighbouring Hungary’s pay-TV market.