European Drinks eyeing Frankfurt

European Drinks, the group led by the Micula brothers (Ioan and Viorel), is planning floatation, but not on the Bucharest Stock Exchange. The group is eyeing the foreign exchanges, but floatation comes with certain requirements, which are not met at this time. “The Bucharest Stock Exchange is not liquid enough,” said Ioan Micula (pictured above), one of the group’s two presidents. He added this was one of the main goals of European Drinks. The group’s presidents are contemplating floatation on the Frankfurt bourse. “All of our companies are now closer to international standards and we make sure they have excellent indexes. We have no debts to the state, which is good, because debts don’t look good for a company planning floatation,” Micula said. ZF