Oltchim shares lost 15% on Friday on the announcement regarding its sale.
The Romanian Government Friday said it has modified the privatization chart for Oltchim and announced that will start the proceedings with a sealed-bid auction instead of a round of negotiations. The auction, scheduled for September 14, is open to all interested investors.
At around 10:47 a.m. (GMT0747), the bourse’s composite index BET-C was 0.17% lower, and the main index BET was down 0.17%.
The BET-FI index, which tracks the five regional investment funds SIFs and Fondul Proprietatea (FP.RO), was 0.03% higher. The wider BET-XT index was down 0.02%.
Also, energy tracker BET-NG inched down 0.07%.
Overall trading in Bucharest was RON598,536 (EUR131,847). SIF Transilvania (SIF3.RO) was top-traded issuer on the main market, followed by Fondul Proprietatea and Erste Bank (EBS.RO). (EUR1=RON4.5396)