Continental in talks with brokers

The Continental hotel company is currently in talks with four brokers to award the consulting and brokering contract for its floatation scheduled for next month. “We are negotiating with BRD Securities, Alpha Finance, Raiffeisen Capital & Investment and CA-IB Securities (HVB’s brokerage arm), to select a broker to provide consulting in our floatation project,” said Radu Enache (photo), the Continental chairman. The company decided to go public this spring following completion of the merger of the four companies in the chain: Continental, Continental Vest, Continental Nord and Dacia Continental. The merger, which was endorsed by this month’s EGM, will see Continental absorb the other three. Enache also said that one of the goals of the floatation was the exit of the Romanian Post Privatisation Fund from Continental. ZF