“The turnover on the position in Frankfurt exceeded half a million levs in the middle of the day, but we have to find out what the demand was, what investors bought. Probably the number of deals and turnover will decrease in the coming days and then we will see the reaction on the German market “We live in a global world where technology removes borders and lowers costs. This cannot happen if companies do not want to participate,” he told Capital. Tsvetoslav Tsachev, Chief Investment Adviser of Elana Trading.
“The listing on the Frankfurt Stock Exchange is an important stage for the company,” said Wolfgang Kirsch, CEO of Allterco Europe GmbH (the company registered in Germany). the liquidity of its shares “, Kirsch added in an official press release.
According to Dimitar Dimitrov, CEO of Alterco, going public in Germany is also of strategic importance to the company. According to data from its annual report, Alterco’s revenues for 2020 are BGN 46 million, with a net profit of over BGN 13 million. According to the company, revenues of over BGN 54 million are expected this year and over BGN 80 million for 2022. Most of the revenues are generated by Germany, which is why the decision to re-list on the Frankfurt Stock Exchange further emphasizes the importance of the European country as a key development market.
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Nikola Yankov, Dimitar Dimitrov and Nikolay Vassilev (from left to right) during their stock exchange debut. Yankov and Vassilev are partners in Expat Capital
Source: Expat Capital
“With the secondary registration on the Frankfurt Stock Exchange, we want to emphasize our ambitions in Europe and create the best conditions for our further expansion,” said Dimitar Dimitrov on the subject. “Because of our already established presence and the existing support on the German market, we deliberately stopped right on the Frankfurt Stock Exchange.”
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