The European Bank for Reconstruction and Development (EBRD) has taken a minority stake in Cris-Tim, one of Romania’s leading meat-processing and ready-meal producers, following the company’s successful initial public offering (IPO) on the Bucharest Stock Exchange. The EBRD invested €13.1 million (RON 66.6 million), securing just over 5 percent of the company’s shares. The IPO was oversubscribed, signalling strong investor confidence in the Romanian food industry.

Investment to Support Expansion and Modernisation

Funds raised through the IPO will support Cris-Tim’s multi-year investment programme. The company plans to:

• modernise and expand its production facilities

• strengthen its leadership in the processed meat and ready-meal categories

• pursue targeted acquisitions to consolidate its market position

• diversify its product portfolio to meet changing consumer demand

A Milestone for the Romanian Capital Market

Cris-Tim is the first food producer to list on the Bucharest Stock Exchange, a landmark step that broadens the market’s sector diversification and may encourage other Romanian entrepreneurial companies to consider a stock market listing.

The EBRD expects the transaction to have a positive demonstration effect, helping deepen Romania’s capital markets and encouraging more companies to access local equity financing.

Corporate Governance and Market Development

Ahead of the listing, the EBRD worked closely with Cris-Tim to strengthen its corporate governance framework. The Bank also collaborated with the Bucharest Stock Exchange to update its corporate governance code, aligning it with international best practices and regulatory developments.

EBRD’s Continued Commitment to Romania

As one of the largest institutional investors in Romania, the EBRD is well positioned to support Cris-Tim’s long-term growth and competitiveness. Since 1991, the EBRD has invested over €12 billion in 576 projects across the country, with the majority focused on the private sector.

Founded in 1992, Cris-Tim Family Holding S.A. has grown into a national leader in both cold cuts and ready-meals, and the company’s public listing marks a significant chapter in Romania’s food and capital market development.