Romania, Nov. 4 -- The European Bank for Reconstruction and Development (EBRD), which supports the development of capital markets in Romania, has taken a minority stake in leading Romanian meat-processing and ready-meals producer, Cris-Tim. The €13.1 million (RON 66.6 million) investment was part of Cris-Tim's oversubscribed initial public offering (IPO) on the Bucharest Stock Exchange, which closed yesterday and gives the EBRD just over 5 per cent shareholding in the company.The proceeds of the IPO will be applied towards the company's investment programme and will support the issuer's strategy to expand and modernise its production facilities, strengthen its position in the processed meat and ready-meal segments, and pursue selectiv...