Deloitte Romania in association with the law firm Reff & Asociatii SCA become authorized advisors for AeRo
Bucharest, 2 February 2015 – In a move meant to support SMEs and start-ups looking for financing, Deloitte Romania in association with the law firm Reff & Asociatii SCA, have become authorized advisors on AeRo, the new alternative trading system operated by the Bucharest Stock Exchange (BVB).
“We believe the new trading system will have a beneficial role for both the Romanian business environment and for the capital markets in general as it will help entrepreneurs looking for alternative financing at a time when access to traditional financing remains difficult,” said Ahmed Hassan, Country Managing Partner Deloitte Romania. “We are happy to support this project in its early stage and we look further for many success stories.”
Andrei Burz-Pinzaru, Head of Banking & Securities Practice in Reff & Asociatii added: “A number of our clients have clearly shown interest in the AeRo market. The new trading venue offers them better opportunities to access the financial markets.”
AeRo market is a market segment designed for listing of early stage companies, start-ups and SMEs, to finance their projects and growth, increase their visibility and contribute to the development of the business environment. The alternative system was established by BVB in order to provide a market with less reporting obligations from issuers, but at the same time with sufficient transparency for investors to motivate them to trade.
Deloitte Romania is one of the leading professional services organisations in the country, delivering world-class assurance and advisory, tax, consulting and financial advisory services.
The practice serves many organisations operating in various industries, which include some of the largest companies, as well as fast-growing companies (“SME”s). With a globally connected network of member firms in more than 150 countries, Deloitte brings world class capabilities and deep local expertise to help clients succeed wherever they operate.
Reff & Asociatii SCA is the law firm affiliated to Deloitte Legal network present in 57 countries worldwide. In Romania, the firm counts almost 50 attorneys providing full business law services.
During the last four years, Reff & Asociatii SCA has offered assistance to clients in transactions with a total value of over one billion EUR each year. The law firm is recognized for its banking and capital markets practice, and has assisted in multiple capital markets transactions, including local and cross-border share issues, as well as classic bank finance transactions.
Reff & Asociatii SCA is recognized by prestigious legal directories such as Legal500, Chambers and Partners and IFLR 1000 for its Banking, Capital Markets and M&A capabilities.
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