Marius and Emil Cristescu, who own companies with totalcapitalisation worth 153m euros on RASDAQ, plan to transfer them tothe regulated market of the Bucharest Stock Exchange (BSE) to theend of being able to profit from funding through the capital marketat the right time. "RASDAQ market will be dissolved in two months,and CNVM will make us choose between floating the companies on theStock Exchange or on the ATS system, and we chose the StockExchange. The benefit of Stock Exchange listing is that at acertain time you can raise funding, because this crisis will lastfor a year, two at most and after that companies will need money toexpand, as they'll have to fill in the market share left bybankrupt companies. In one year investors' sentiment will changecompletely and we want to be ready for the moment when we need toraise cash from the Stock Exchange. Funding through IPOs has afuture," says Marius Cristescu, owner of Bega group. Majorcompanies of Bega group owned by the two businessmen of Timisoara,namely Foraj Sonde Craiova (FOSB), a top player on the Romaniandrilling market, and Bega Turism Timisoara (SCDE), set to open afive-star hotel complex this year, are currently listed on RASDAQ.
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