Romanian fuel distribution firm JT Grup Oil launches 28.5% IPO in Bucharest
May 27, 2024
Romanian fuel distribution firm JT Grup Oil launches 28.5% IPO in Bucharest.
Romanian fuel distribution firm JT Grup Oil, controlled by local businessman Jean Paul Tucan (90%), estimates its business at EUR 37 million and seeks to raise EUR 11 million-13 million in exchange for 28.5% with an IPO designed to capitalise on a highly optimistic growth story that relies (...)
[Read the article in Romania Business Insider]