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May 20, 2022

Bucharest Airports Company starts IPO procedures

Premier Victor Ponta stated on Thursday that the Bucharest Airports National Company is registering profit and rapid growth, a fact that has led to the start of IPO procedures, approximately 20 per cent of the shares set to be put up for sale.

“Bucharest Airports is on profit, it registers rapid growth and we have started the procedures for an IPO listing. The idea is to raise capital, not to take money from the budget (…) and to leave the new capital in the company for development,” the Premier stated at the end of Euromoney’s “The Regional Finance and Investment Conference for South East Europe.”

Referring to TAROM, the Premier stated that no agreement has been reached yet and the authorities seek a serious investor that would help modernize the company.

“No, there is no agreement finalized, I would have wanted that but there isn’t. TAROM is a good company, with good regional outlook, but there is still a need for restructuring, for a return to profit. We are absolutely committed to attracting a strategic investor. Who will be this investor? We had negotiations with a lot of companies but nothing official. We are interested in any serious investor that would help TAROM modernize,” the Premier stated when asked whether the Romanian state has reached an agreement with Turkish Airlines in what concerns the purchase of a package of TAROM shares.


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