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September 26, 2022

Romtelecom chooses consultant for listing on the stock exchange

Telephony operator Romtelecom has selected the law firm that will provide consulting services during the process of evaluating its options of listing on the Bucharest Stock Exchange (BVB). The two options accepted by OTE and the government of Romania were a merger between Romtelecom and Cosmote, followed by the listing of the new entity on the bourse, on one hand, and directly listing Romtelecom alone, on the other. The law firm Stoica & Associatii, led by Valeriu Stoica – an influential member of PDL and a former Justice Minister, “will act as an independent consultant, which will protect the legal interests of both shareholders and will work together with the investment bank that will be selected,” Romtelecom announces in a press release. In its turn, the Ministry of Communications and Information Society (MCSI) announced in a press release that it will be assisted by its own consultants in the process of evaluating the two main scenarios.

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