* The maker of construction materials wants from 13 to 15 million Euros to invest in a plant of rockwool
* AdePlast wants to incentivize investors with a dividend plan stipulated in the prospectus offer
AdePlast plans to invest 19.5 million Euros in a new plant of rockwool, and has turned to the Bucharest Stock Exchange for financing.
"I could have probably continued to borrow money from the banks, but I wanted to take the company on the stock market", said Marcel Bărbuţ, the owner of AdePlast, who will sell approximately 33% of the company to investors, through the IPO that begins today.
From the stock market, AdePlast wants to raise between 13 and 15 million Euros. Furthermore, the company has also asked for a state aid of 7.3 million Euros, for creating jobs, but the representatives of the company say that the investment in the rockwool plant does not depend on whether that aid is approved or not.
* Marcel Bărbuţ: "I've always wanted to take the company public"
From the very moment he created AdePlast, Marcel Bărbuţ knew one thing - that he wanted to take the company public.
"From the very beginning, I've wanted to take the company public", he told us in an exclusive interview, and he went on to say: "When I created AdePlast, I went on a trip with my associates and took them to Austria to visit a plant. I told them that that was the level we had to reach. I have to tell you that right now, AdePlast is bigger than the Austrian plant we visited back then. In all of these years, we've succeeded in borrowing money from banks, we've made investments, but we are still missing certain things".
Marcel Bărbuţ also said that he wants to take the company public on the Bucharest Stock Exchange and that he has not considered doing so on another stock exchange, because he is a Romanian.
In 2009, AdePlast was looking to get l
