EnglishThe Romanian distribution and retail group RTC Holding intends to become eligible for listing on the Bucharest Stock Exchange by the end of 2008 or by 2009 the latest. The company is currently negotiating with two banks, ING Bank and Alpha Bank, for consultancy on the matter, said Octavian Radu, CEO of RTC Group. In order to facilitate the listing process, RTC intends to sell three of its activity segments (TCE, Mobishop and Sistec-SBSol) to strategic investors.
Last year, RTC Holding posted 261 million EUR in turnover and an operating profit of 7,5 million EUR. For the current year, the company expects a turnover of 300 million EUR and a 7 million EUR profit before tax. RTC plans to expand its distribution business to Bulgaria and is currently negotiating with two companies that operate in this field. The cost of such an expansion amounts to 1-2 million EUR.
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