Cold cuts producer Cris-Tim, one of the oldest family businesses in Romania, indirectly held by the Timis family, is starting its initial public offering on Friday, October 17, with the aim of listing on the Bucharest Stock Exchange. The operation is handled by BRD and BCR and is worth up to RON473 million.
Radu Timis, one of the most powerful entrepreneurs in Romania’s food industry, who, together with his wife, founded cold cuts producer Cris-Tim around 3 decades ago, is in talks with China-held Smithfield, Romania’s biggest pork producer, on a possible partnership, according to ZF sources.