Rasdaq market will be abated in October and issuers listed on this segment will have to transfer to a regulated market or an alternative trading system (ATS) or will be delisted.
On February 25, Bucharest Stock Exchange relaunched the equity segment of the alternative trading system under the name of AeRO. AeRO is designed for listing early stage companies, start-ups and SMEs, to finance their projects, increase their visibility and contribute to the development of the business environment.
Alum is Romania’s sole alumina refinery. The bulk of its output goes to aluminum smelter Alro Slatina (ALR.RO), which is 84%-owned by Vimetco.
In 2014, the company reported a turnover of RON534 million and a net profit of RON47 million. This year, Alum targets a $5.4 million profit and a turnover of $169 million.