EBRD has acquired a 5% stake in Cris-Tim, investing 13.1 million euros in the initial public offering to support the company's expansion.

The European Bank for Reconstruction and Development (EBRD) has acquired a minority stake of over 5% in Cris-Tim, a Romanian producer of meat and ready-made meals, through an investment of 13.1 million euros in the initial public offering (IPO). The revenues obtained from the IPO will be used to modernize production units and strengthen the company's position in the processed meat market. Cris-Tim thus becomes the first food producer listed on the Bucharest Stock Exchange, which could encourage other Romanian companies to list. EBRD has collaborated with Cris-Tim to improve corporate governance and supported the revision of the stock exchange's governance code. The company, founded in 1992, is a national leader in the segment of cold cuts and ready-made meals. The public offering attracted 454.35 million lei from investors, and the funds will support Cris-Tim's investment plans.