Senior Editor
Andrei Chirileasa
- Fields
- Capital Market, Energy, Banks-Insurance
- Writing for ZF since
- 2011
- Articles
- 44
SIFs Get Much Less Than BCR Employees For Their Shares After Five Years Of Waiting
Erste has finally persuaded four of the five regional investment funds (SIFs) to sell their stakes in BCR after more than one year of negotiations, but the Bucharest bourse loses one on the...
Erste Puts EUR600M In Cash And Shares On SIFs’ Table
Erste could announce the offer for 30% in Romania’s largest lender BCR over the next few days. If the deal comes through, Romania will lose the unique opportunity of having its largest bank...
Local Fund Managers Handle EUR2B In Assets
The assets of Romanian investment funds reached EUR1.98 billion at the end of August, considering the money raised by the funds available through local managers, which are registered abroad,...
Blue Chips Lose 5% In Three Days. Brokers Do Not See Short-Term Rebound
The most liquid shares on the Bucharest Stock Exchange have already cumulated losses of around 5% since the beginning of the month, amid the turmoil that has grabbed foreign markets once aga...
SIFs At Each Other’s Throats Over BCR
As the date agreed for the floatation of Banca Comerciala Romana (BCR), the largest domestic bank, is drawing near, the row among the regional investment funds (SIFs) is getting fiercer.
Bucharest Shares Hurt Indiscriminately By New Wave Of Declines
On the Romanian bourse, both banks and companies in defensive industries have been hurt by the new wave of stock exchange declines.
Richest Energy Companies In Romania Have EUR1.5B In Their Accounts
Privatized energy distributors have in the past few years become some of the richest companies in Romania, with their profit margins climbing to over 20%, compared with margins of under 5% i...
Romania Becomes Shareholder In Petromidia Again After 11 Years
The Finance Ministry last year collected EUR55 million from Rompetrol Rafinare’s (RRC.RO) EUR571 million debt, and for the remaining EUR516 million it received shares accounting for 44.6% in...
Renaissance Head: We Can Consider Petrom Offering Successful If It Makes Front Page News In FT
Stephen Jennings, who runs Renaissance Capital, Russia’s largest investment bank and the lead manager of the OMV Petrom (SNP.RO) offering, Saturday said that for him the success of the deal...
Romania’s Best-Kept Secret: Not Even Boc Knows Petrom’s Subscription Level
The level of subscription to OMV Petrom’s (SNP.RO) offering, i.e. the number of shares that investors are interested in buying and the prices they pay, is the best-guarded secret in Romania...
Petrom’s Subscription Level Will Be Known Only After Offering Ends
The government’s sale offering of Petrom shares, but so far there is no public information on the level of subscription, which will only be known when the offering closes on July 22.
Whoever Pays EUR610M First Can Get 9.8% In Petrom
The government chose to sell the 9.84% in Petrom (SNP.RO) using a novel approach for the Romanian capital market: an auction starting from a maximum price of 0.46 lei (EUR0.11) per share wit...