25/10/2006 Exchange welcomes A&D Pharma Holdings N.V. to the Main Market
25 October 2006
The London Stock Exchange is delighted to welcome A&D Pharma Holdings N.V. to the Main Market.
A&D Pharma is the Dutch holding company which owns the largest integrated pharmaceutical wholesale and retail business in Romania. Its wholesale business, Romania’s leading pharmaceutical network Mediplus Exim SA offers a wide range of value added services to pharmaceutical producers and client pharmacies. Mediplus operates a countrywide logistics system (12 warehouses in 12 cities) and distributes a portfolio of approximately 5,000 products to over 3,500 pharmacies (representing more than 70% of the total number of pharmacies in Romania). The retail arm of the company, Sensiblu SRL, is the largest national chain of pharmacies with more than 200 outlets across 51 towns and cities in Romania, and has strong brand recognition across the country.
A&D Pharma is the first Romanian company listed on the London Stock Exchange. The offering of €120 million was successfully placed with institutional investors across Europe, implying the company’s market capitalization of €400 million at the commencement of trading.
Commenting on the successful IPO, Dragos Dinu, CEO of A&D Pharma, said: “We are very pleased with the outcome of the IPO which has attracted a significant interest from a broad range of institutional investors, and are looking forward to working with our new shareholders. We have established market leading positions as a wholesale healthcare service provider and Romania’s only national pharmacy chain and intend to develop our businesses and expand our presence in other regions. It is an honour to join the London Stock Exchange and become the only Romanian company listed in London”.
ING Bank N.V., London Branch acted as sole Lead Manager and sole Bookrunner of the Offering.