Aquila started trading on the Main Market of the Bucharest Stock Exchange under the ticker AQ. The listing took place after an Initial Public Offering (IPO) worth RON 367 mn.
It was the largest IPO conducted so far by an entrepreneurial company on the Romanian capital market.
Aquila is the 20th company listed on the Stock Exchange this year, respectively the third on the Main Market.
Aquila conducted the Initial Public Offering for the share capital increase between 8 and 16 of November through which it sold 66,666,800 new shares at a price of RON 5.5 per share.
The company will use most of the funds to purchase companies that own major brands in the consumer goods market and distribution companies with complementary product portfolios.
Also, a part of the funds will ensure working capital, digitalization of operations, increase traceability and productivity and development of own brands.
The offer was brokered by Swiss Capital, and BRK Financial Group and TradeVille were distribution agents.
Who is Aquila
Aquila was established in November 1994 as an entity specialized in integrated services of distribution of consumer goods and logistics.
The comapny is currently the market leader in the field of consumer goods distribution, having 14 distribution centers, 4 logistics centers.
It also has the largest distribution fleet in Romania, 1,647 vehicles, a network of 67,000 points of sale, a storage infrastructure of 120,000 sqm and a team of 3,000 employees.
The company recorded in 2020 a turnover of RON 1.8 bn, an increase of 6% compared to 2019. In June 2021, Aquila recorded revenues of RON 901 mn.
The profit of 2020 is almost RO 58.4 mn, up by 171% compared to 2019.