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UK-based Equest Investments Balkans Considers Listing in Bucharest,

UK-based Equest Investments Balkans Considers Listing in Bucharest,

SeeNews/Provider: AII Data Processing Ltd.
December 14, 2007

Sofia
SOFIA (Bulgaria), December 14 (SeeNews) - UK-based Equest Investments
Balkans (EIB) is considering listing on the stock exchanges of Bucharest
and/or Sofia, the company said without giving a timeframe.
The company is [] considering an additional listing of the company's
shares on the main stock exchanges of Bucharest and/or Sofia," EIB said
in a statement. "All of the investments of the company are concentrated
in the Balkan region and [] the company and its investment manager now
enjoy strong name recognition in its principal markets."

EIB ( www.equestinvestmentsbalkans.com ) invests in consumer growth
sectors across the Balkan region. It focuses on Bulgaria and Romania,
Serbia, Macedonia and Croatia. It is listed on the London Stock
Exchange. It is also listed on the Irish Stock Exchange and the Vienna
Stock Exchange through depository receipts issued by Bank Austria.

EIB also said it plans to list electronics retailer Lynx Properties on
the Sofia and/or Bucharest Stock Exchanges.

Lynx Properties owns the electronics retail chain Technomarket in
Bulgaria and the retail chain Domo in Romania. EIB has announced plans
to merge the two chains.

The planned IPO of TechnomarketDomo on the Sofia and/or Bucharest Stock
Exchanges is expected to further increase the awareness of the company's
shares in these growing regional stock markets," the statement said.

Lynx Properties' IPO is planned for the first half of 2008, EIB said.
EIB has nominated ING Bank as sole bookrunner and joint lead manager
with Raiffeisen Centrobank for the proposed IPO of Lynx Properties.

The stock exchanges in Sofia and Bucharest have been attracting strong
investors' interest since the beginnign of 2007, when the two countries
joined the European Union.

EIB has utilised a mixture of debt and equity from strategic
partnerships when making acquisitions throughout southeast Europe such
that its total acquisition costs in 2007 were approximately 200 million
euro ($290 million), of which 72.8 million euro of its own resources.

($ = 0.6903 euro)

 

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