Capital Market
Government Inks Brokerage Deal For Tarom IPO
The Government reversed its decision to cancel the auction selecting a broker for the sale of a 20% stake in airline Tarom, after the rejected sole bidder changed its offer and halved the co...
SIF Muntenia Transfers Minor BCR Stake To Erste, Collects RON70.1M
Regional investment fund SIF Muntenia (SIF4.RO) collected 70.1 million lei (EUR16.1 million) from Austrian Erste, representing the cash component delivered this year in the deal whereby the...
SIF Moldova Collects RON123.6M For BCR Stake
Regional investment fund SIF Moldova (SIF2.RO) collected 123.6 million lei (EUR28.39 million) from Austrian Erste for the 6% stake it held in lender BCR.
Bucharest Stocks Close Up, SIFs Decline
The Bucharest bourse closed Monday with a solid increase, on low traded values, while the five regional investment funds, or SIFs, dropped 1.8% on average.
Leu Ends Higher Vs Euro On Low Volumes
Romania’s leu strengthened modestly against the euro amid thin trading Monday, lagging behind its neighbors which won up to 1.5% on the day on increasing optimism regarding new measures to c...
Ariton: Romania Won’t Sell Stock In Transelectrica, Transgaz At Just Any Price
Romania will sell minority stakes in key state-run companies such as Transelectrica (TEL.RO) and Transgaz (TGN.RO) only if it can get the “best price”, Economy Minister Ion Ariton said Monda...
Romania's Government Aims To Collect EUR40M From Tarom IPO
The Romanian government expects to collect between EUR20 million and EUR60 million for the 20% stake it plans to sell in airline Tarom on the local stock market.
NEPI Gets EUR40M In Share Capital Hike
South-African realty investment fund New Europe Property Investments (NEP.RO) on Monday announced it has drawn EUR40 million from shareholders and investors within a share capital increase,...
Romania Sells RON1.06B 7-Month T-Bills At 6.6% Average Yield
Romania’s Finance Ministry on Monday sold 1.065 billion lei (EUR244 million) in seven-month treasury bills, slightly above the planned amount, at an average yield of 6.6% a year.