Copyright thediplomat
Cris-Tim Family Holding, the leader in the Romanian cold cuts and ready meal markets, announces the successful completion of the initial public offering conducted between 17th and 29th of October, 2025. The final offering price for the 27,790,000 shares of the company available in the public offering was set at RON 16.5 per share (the “Final Offering Price”). The selling price applicable to retail investors who subscribed for shares in the first four working days of the offering, benefiting from the 5% discount, is RON 15.675 per share. The company raised RON 454.35 mn from retail and institutional investors. The funds raised through the initial public offering, both those obtained from the subscription of new shares (part of the share capital increase) and those obtained from the sale of existing shares, will be used in significant proportion to support Cris-Tim’s investment plans. Following the successful closing of the offering, Cris-Tim will apply for admission to trading of all issued shares on the Regulated Market of the Bucharest Stock Exchange (“BVB”), Premium category, under the stock ticker CFH. First trading day for Cris-Tim Family Holding shares on the BVB Regulated Market will take place on or around November 26, 2025. For the period 2025 – 2030, Cris-Tim is considering an investment plan in the amount of RON 890 mn, of which RON 768 mn are allocated to the cold cuts segment, and RON 121 mn are allocated to the ready-meals segment and other investment objectives. Part of this investment plan is focused on developing existing production capacities, a program partially financed by the national program for revitalizing the agri-food industry, Investalim. The investment program will be implemented between 2025 and 2028, with the financing agreement signed on October 8, 2024, by the Agency for Financing Rural Investments (“AFIR”). In addition to the organic growth objectives, the Company intends to identify merger and acquisition targets in the coming years, with the aim of strengthening its competitive position in the cold cuts and ready-meal markets, as well as diversifying its product portfolio. The Company intends to distribute a minimum of 50% of the annual individually distributable net profit as ordinary dividends. Radu Timiș Jr., CEO of Cris-Tim Family Holding, states: “The successful conclusion of the initial public offering, which was oversubscribed both in the retail tranche, where demand initially exceeded the available supply by more than 40 times, and in the institutional investor tranche, represents an unprecedented validation of Cris-Tim Family Holding. The notable interest of retail investors led to the reallocation of 5% of the institutional tranche, resulting in a final oversubscription of 32 times in the retail tranche. Cris-Tim Family Holding is one of the few companies that has managed to attract an extremely wide range of institutional investors in Romania, as well as a prestigious international investor, the EBRD. Until now, we have gained the trust of consumers through our products, and now those same consumers, either directly or through institutional funds, are choosing to invest in the company. The success of the offer confirms the strength of the company and our strategic direction: an ambitious plan of RON 890 mn by 2030, aimed at taking Cris-Tim to the next level of performance, consolidating the company as a benchmark in the food industry and a pole of excellence for the entire South-Eastern European region. But for us, investments are not just numbers, they mean modernization, innovation and opening new paths. Just as we raised the standards of the food industry in Romania, we now want to demonstrate that we will become a model of transparency, performance and vision on the capital market as well. A brand means trust. A strong brand means trust delivered consistently and this will continue to define our path. The next stage in this process, the listing on the Bucharest Stock Exchange, is for Cris-Tim Family Holding more than an aspiration, it is an essential step in long-term development, for which we have been preparing assiduously in recent years”.
