The INC Group, jointly with Movie Games, found a gaming company on the Romanian market

The INC Group and Movie Games took another step on the way to expansion on the Romanian gaming market. The main task of the company will be to create a platform to support and consolidate the Romanian gaming market. INC and Movie Games each took up 50% of the shares in the new company.

The newly established Company is the result of a letter of intent signed at the end of March between the INC Group and Movie Games. The companies set themselves the goal of expansion into the Romanian market. The new entity will provide financial and substantive support to local and independent game studios in order to promote the local market and identify its leaders which productions have the potential to achieve international commercial success.

– I am happy to have a joint project with Movie Games. I can safely say that we know the Romanian market quite well, as we have been present on it for a long time. We have successfully carried out two debuts of companies on the local stock exchange. Additionally, a fund from our Group – Carpathia Capital has so far invested in three entities in Romania. The investment in Bittnet gave the most spectacular results. Since its debut on the AeRO market in 2015, the Company has increased its capitalization 20 times and significantly improved its financial results. Due to this, we have also gained recognition and a very good reputation on the Romanian market. – comments Paweł Śliwiński, president of INC.

Studios that will cooperate with the newly establishedCompany will be able to count on substantive, publishing and marketing support. In turn, the INC Group will provide professional support for the process of obtaining financing and debuting on the Romanian stock exchange.

Additionally, today the shares of Bittnet (a portfolio company of the INC Group) successfully debuted on the main market of the Bucharest BVB stock exchange. In the first minutes of trading, the company’s stock grew by over 5%. The next company made its mark on the history of the Romanian capital market, as it was the first to movement from the alternative AeRO market to the main market.