Aroma Cosmetics and Aroma Real Estate – spin-off (2011) and listing (2012)


Established in the beginning of the last century, today Aroma is a leading European manufacturer of cosmetics and perfumery with long traditions in the industry.


Bulbrokers Consulting acted as a financial adviser to Aroma on the spin-off of Aroma Cosmetics and Aroma Real Estate.


The spin-off plan was approved by the Financial Supervision Commission in 2011. The shares of the two companies (emissions of EUR 0.1mn and EUR 1.6mn respectively) were admitted for trading on the Bulgarian Stock Exchange in the beginning of 2012.