RCS&RDS’s parent company Digi Communications has raised €210 million in an IPON on the Bucharest Stock Exchange.
Quoting News.ro, Business Review reports that the company sold a 25.6% stake in what was the biggest such offering of a public company on the stock exchange to date.
It adds that the price for the 23.9 million class B shares was set at RON40 (€8.8) a share for institutional investors, with the company being valued at €820 million.
However, the offer was quickly oversubscribed. Digi shares will now start trading on May 16.
As recently reported by Broadband TV News, RCS&RDS is currently being investigated over corruption charges related to broadcasting rights for Romania’s premier football league.
