📋 Tender Overview
Project ID: 56818
Status: Signed
Location: Romania
Business Sector: Food and Agribusiness
Notice Type: Private
Environmental Category: B
Approval Date: 10 Oct 2025
Disclosure date: 06 Nov 2025
Project Description
An EBRD equity investment of EUR 13.1 million in the initial public offering ("IPO") of Romanian cold cuts and ready-meals producer Cris-Tim Family Holding S.A. ("Cris-Tim" or the "Company") on the Bucharest Stock Exchange.
The IPO raised RON 454.35 million (approx. EUR 89 million), with a significant proportion of the proceeds (over 85%) to be utilised by the Company for general corporate purposes, including investments.
Project Objectives
The project supports the Company in raising funds for its investment plan via an IPO and contributes to local capital market development in Romania.
Transition Impact
ETI score: 64
Transition Impact stems from the Resilient and Well-Governed qualities.
Resilient: The project contributes to the development of Romanian capital markets by supporting a mid-sized family-owned business with their IPO on the Bucharest Stock Exchange.
Well-Governed: The Bank has supported the Company in strengthening its corporate governance framework by designing a comprehensive Corporate Governance Action Plan ("CGAP"). Moreover, as per the Bank's recommendation, the Company will implement a Green Project Monitoring Plan ("GPMP") to guide development of an Science Based Targets initiative ("SBTi") aligned climate transition plan, a supplier engagement strategy to mitigate deforestation risks across the supply chain, and an Environmental and Social Action Plan ("ESAP") to outline actions to mitigate negative environmental and social impacts, and ensure compliance with relevant standards required to achieve sustainable goals.
