Capital Market
Proprietatea Fund To Sell Energy, Gas Stock In 2012
Romanian investment fund Fondul Proprietatea (FP.RO) plans to sell part of its natural gas and energy stocks in 2012, the fund’s manager Greg Konieczny said Wednesday.
Bucharest Stocks Rise, Petrom Gains 2.3%
Bucharest-listed shares were up in early session Wednesday, after the European bourses opened in positive territory, with OMV Petrom (SNP.RO) outperforming the market.
Leu Up Vs Euro In Early Trade, In Line With Region
The Romanian leu rose against the euro in early trade Wednesday, in line with the other currencies in the region, which were posting modest gains.
First Year Of Fondul Proprietatea On The Stock Exchange: Expectations Have Only Been Partly Met
The listing of investment fund Fondul Proprietatea (FP.RO) on the Bucharest Stock Exchange (BVB) on January 25, 2011 was the chance for the capital market to be reborn and for former owners...
Bucharest Stocks Close Up In Quiet Trade
Bucharest shares closed slightly higher after a quiet session Tuesday, with investment fund Fondul Proprietatea (FP.RO) and the five regional funds SIFs covering over half of the day’s liqui...
Goldman Sachs-Led Consortium To Broker Romgaz IPO - Sources
A consortium including US bank Goldman Sachs and Austria’s Erste Bank AG will broker the sale of a 15% stake in Romanian natural gas producer Romgaz, sources in the capital market told Media...
Leu Closes Down Vs Euro, In Line With Neighbors
Romania’s leu edged lower against the euro in late trade Tuesday, tracking the currencies in the region, and closed 0.12% weaker at 4.3455/4.348 units, from 4.3405/4.3425 units a day earlier...
Romania Lowers Expectations For Tarom Privatization, Eyes EUR7.4M IPO
Romania's government has lowered expectations for its planned sale of a 20% stake in state-run airline Tarom, saying that it now estimates to raise up to EUR7.4 million in the initial public...
Leu In Ranges Vs Euro, Exchange Rate At 4.3424
Romania’s leu traded near 4.34 per euro by midday Tuesday and the central bank’s reference strengthened modestly to 4.3424 units, from 4.3463 units a day earlier.