Chronostyle International, which operates the Cellini watch and jewellery store network in Romania, will list on the AeRo market at the Bucharest Stock Exchange (BVB) a EUR 1.6 mln bond maturing in 2025, Profit.ro reported.

The bonds (CELL25), scheduled for listing on Tuesday, November 2, mature in May 2025 and have a 7.00% coupon.

The company, which specializes in the sale of watches and jewellery, operates 7 stores in Bucharest and one in Constanța. Last year, it reported a net turnover of RON 24.1 mln (EUR 5 mln) in 2020, when it also reported RON 1.83 mln losses - from RON 0.65 mln net profit in 2019.

In the first half of 2021, Chronostyle International reported RON 16.7 mln and RON 0.83 mln net profit.

The operator is 95% controlled by the company Henri Maillardet, registered in Switzerland, which is in turn owned by Raluca Simu, the wife of businessman Horia Simu. The company’s manager Dragoș Nicolae has a 5% stake in the shares.

andrei@romania-insider.com

(Photo source: Inquam Photos/Octav Ganea)