Capital Market
Fondul Proprietatea Presses Government To List Energy Companies, But Won’t List Its Own Assets
The manager of Fondul Proprietatea (FP.RO) has hired US investment bank Citigroup to find buyers for EUR527.6 million worth of shares it holds in 13 energy and natural gas distribution compa...
Fondul Proprietatea And Petrom Drag Bucharest Bourse Down 1.5%
The Bucharest bourse closed down 1.5% Wednesday, mainly influenced by declines of Fondul Proprietatea (FP.RO) and oil company OMV Petrom (SNP.RO), with few blue-chips ending in positive terr...
Leu Ends Slightly Lower Vs Euro On Low Volumes
Romania’s leu weakened slightly against the euro amid low volumes Wednesday, closing the day at 4.3575/4.359 units.
Moody’s Says Romania Transelectrica Ratings Hindered By Transparency
Moody’s Investors Service Wednesday said it might consider upgrading its ‘Baa3’ credit rating on Romanian state-run power grid operator Transelectrica (TEL.RO) if the company breaks free fro...
Leu Exchange Rate Dips To 4.3558 Vs Euro
Romania’s leu traded slightly above 4.355 per euro by midday Wednesday and the central bank’s reference weakened slightly to 4.3558 units, from 4.3547 units a day earlier.
Fondul Proprietatea Hires Citigroup To Sell Shares Worth EUR0.5B
Franklin Templeton, the manager of Romanian investment fund Fondul Proprietatea (FP.RO), has selected U.S. Citigroup Global Markets Limited as exclusive broker of the sale of EUR527.6 millio...
Bucharest Stocks Open Down, Unlike International Markets
Bucharest shares retreated in early trade Wednesday, unlike European markets, which were set to recoup yesterday’s losses prompted by a new wave of fear regarding the sovereign debt crisis.
Leu Modestly Down Vs Euro In Early Trade
Romania’s leu edged lower against the euro in early action Wednesday, amid low volumes.
Oltchim Names Karoly Borbely As New Board Chairman
Romanian state-run chemical company Oltchim Ramnicu-Valcea (OLT.RO) has appointed Karoly Borbely as the new chairman of the board, the company said in a statement Wednesday.