Development (EBRD) announced that it has exited its investment in Romanian telecommunications group Digi Communications (BVB: DIGI). The EBRD acquired a 3.25% stake in Digi in 2017, when the Bank participated in the company's initial public offering (IPO) on the Bucharest Stock Exchange.
Development (EBRD) announced that it has exited its investment in Romanian telecommunications group Digi Communications (BVB: DIGI).
Its services include pay-TV, fixed and mobile internet and data, fixed-line and mobile telephony, and fibre connectivity.
The EBRD acquired a 3.25% stake in Digi in 2017, when the Bank participated in the company's initial public offering (IPO) on the Bucharest Stock Exchange.
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Development (EBRD) announced that it has exited its investment in Romanian telecommunications group Digi Communications (BVB: DIGI). The EBRD acquired a 3.25% stake in Digi in 2017, when the Bank participated in the company's initial public offering (IPO) on the Bucharest Stock Exchange. September 3 sold shares accounting for 1.21% of the company's total share capital.
Over the course of EBRD's holding period, Digi consolidated its position in Romania and reached its target of a 25 per cent free float on the BSE. The group has also expanded its international footprint with operations in Spain, Italy, Portugal and Belgium. Digi is a provider of telecommunications services in Romania, Spain, Italy, Portugal and Belgium.
Bucharest Stock Exchange, contributing to its broader development.
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