Albalact To Be Listed On Regulated Market Of Bucharest Stock Exchange On June 3

05.27.2015 By Gabriela Stan

Romanian dairy manufacturer Albalact (ALBZ.RO) will be listed on the regulated market of Bucharest Stock Exchange on June 3, when it will become the largest FMCG company listed on the stock exchange.

The only FMCG companies currently listed on the regulated market of the stock exchange are milling and bakery company Boromir Prod Buzau (SPCU.RO) and brewer Bermas (BRM.RO).

The company is currently valued at over RON200 million, after its shares rose 15.8% since the beginning of the year.

Albalact is Romania’s largest dairy processor whose portfolio includes over 150 products sold under its five brands: Zuzu, Fulga, De Albalact, Raraul and Poiana Florilor.

Local businessman Raul Ciurtin indirectly owns a 42.53% stake in the company, through Cyprus-registered Crisware Holdings (26.86%) and Croniar Holdings Limited (15.67%).