Gregory's to float on RASDAQ

Shareholders in the fast food chain Gregory’s Romania are planning to have the company listed on the RASDAQ. The move was approved at the general meeting of shareholders in February. Legal advice will be provided by law firm Bostina si Asociatii, while financial investment services will be contracted under an agreement with IEBA Trust. Gregory’s Romania’s has a share capital of over 2.3 million euros. The company is held by 12 shareholders, the most important of which being Gregory’s Micromeals International with 44.1% and Prudent Investment with 23.7%. The company posted a 1.4 million euro turnover in 2003 but ended the year with 0.39 million euros in losses, according to the latest data for the restaurant chain. ZF