Linklaters and Salans have bagged the lead roles on the first flotation of a Romanian business on the London Stock Exchange, as A&D Pharma Holdings gears up for its €400m (£269m) initial public offering (IPO).

Linklaters is advising ING, the sole lead manager and bookrunner on the float. The magic circle firm fielded a team led by London capital markets partner Francis Kucera out of its London and Amsterdam offices as well as its 34-lawyer Bucharest office.