Future Group to launch IPO worth €100 mln

This IPO will make Future Group the second foreign company listed on the Bucharest Stock Exchange (BVB) after the listing of Austrian Erste Bank, owner of Romania’s largest lender, Banca Comerciala Romana.

Several real estate developers are already listed on BVB. Impact Developer&Contractor is worth €136 million on the stock exchange capital main market, while Imotrust Arad, listed on the electronic Rasdaq market, has a market capitalization of €32 mln.

Future Group is currently developing two residential projects, Edenia and Green Park, and an office building. “We plan to launch further projects in [the cities of] Galati, Campina, Sinaia and Brasov. From these projects, we expect income worth €200 million in the coming four years,” Andronache added.