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The bonds issued by C&V Water Control (CVW18) will be the first bonds listed on Bucharest Stock Exchange (BVB) Alternative Trading System (ATS) bonds market segment, on Thursday, July 16, 2015.
C&V Water Control finalized in April 23, 2015 a bonds selling offering through a private placement in which they were sold a total of 1,900 bonds in total value of RON 1.9mn. The bonds have a 3yr maturity and a fixed interest rate of 12%p.a., payable quarterly. The funds raised by the company are needed to support working capital.
The bonds were bought by 15 investors, of which 14 were individual investors and one corporate investor.
The listing of the company’s bonds was assisted by SSIF Broker (BRK).
C&V Water Control has a share capital of RON 200,200, divided in 1,001 shares with a nominal value of RON 200. The CEO Catalin Valentin Negoita owns 99.9% of the company’s shares, and the rest of 0.1% is owned by Csilla Negoita.
C&V Water Control focuses on the development and commercialization of equipment and technology for treatment of drinking water and wastewater in residential, commercial, industrial and municipal applications. From market research conducted, C&V Water Control ranks 3rd in terms of production of wastewater treatment and drinking water, a position which is the result of efforts made by the company over time.
C&V Water Control was established in 2001 under the name Water 2001 SRL, and in 2004 was taken over by Catalin Valentin Negoita, which changed both the industry, as well as the name to C&V Water Control SRL, and in March 2015 it became a joint stock company.
The main beneficiaries of constructions executed from the municipalities and industrial water channel category are Apata City Hall, Tarlungeni City Hall, Estelnic City Hall, Micfalau City Hall, Conimpex SRL, Termoconfort, Impact Developer & Contractor (IMP), Romprest Services, Laiola (Republic of Moldova).
C&V Water Control registered last year a turnover of RON 9mn (EUR 2mn), 11% lower than in 2013, but for this year the company forecasts a turnover of RON 22.4mn
