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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 mostly...
Steluta Lebidov Jean Paul Tucan Eu Large Infrastructure Operational Programme Financial Supervisory Authority Jp Grup Oil Jt Grup Oil

Romanian fuel distribution company JT Grup Oil plans EUR 12 mln IPO at Bucharest Exchange

Romanian independent fuel distribution company JT Grup Oil initiated the procedures and announced plans to carry out a public offering (IPO) by which 10 million new shares worth EUR 12 million and accounting for 28.5% of its capital would be followed by the listing of its shares at Bucharest...
Black Sea Oceans General Romania General Ziarul Financiar Jean Paul Tucan Bucharest Exchange

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