Regional investment fund SIF Muntenia (SIF4.RO) Thursday bought 35 million shares in Biofarm after it acquired SIF Oltenia’s (SIF5.RO) entire stake (28.77%) in the drug producer for RON96.07 million Wednesday.
Both deals were closed at a price of RON0.305 per share.
On the main market Thursday, Biofarm ended down 1.66%, at RON0.29/share.
Fondul Proprietatea (FP.RO), which closed up a mere 0.06%, and SIF Oltenia were the main market’s top-traded issuers, with RON1.73 million and RON1.18 million, respectively.
The Bucharest bourse’s main index BET rose 0.67% and composite index BET-C added 0.85%.
BET-FI, which tracks Fondul Proprietatea and the five regional investment funds (SIFs), gained 0.8% with all issuers in green territory. SIF Muntenia closed up 1.42% and SIF Oltenia ended 1.44% higher.
Benchmark index BET-BK added 0.49% and energy stocks tracker BET-NG was up 1.4%, helped mainly by OMV Petrom (SNP.RO) (1.29%), Transgaz (TGN.RO) (0.55%), Transelectrica (TEL.RO) (2.03%) and Rompetrol Rafinare (RRC.RO) (4.28%). (EUR1=RON4.4508)