Capital Market
Leu Falls Vs Euro, Attuned To Region
The leu weakened against the euro Monday, in line with the currencies in the region, and closed just below 4.25 units, amid a quiet market.
Minor Stakes Sold In Fondul Proprietatea For RON58.3M Total
Two stakes cumulating 0.81% in investment fund Fondul Proprietatea (FP.RO) were sold for a total 58.3 million lei (EUR13.7 million) on the Bucharest Stock Exchange’s deal market Monday.
Leu Extends Losses Vs Euro, Exch Rate At 4.2527
The leu widened early losses against the euro in mid trade Monday, mirroring neighbors, and the central bank’s reference weakened 0.7% to 4.2527 units, from 4.2233 units Friday.
Concefa Plans RON14.2M Share Capital Hike, To RON71.6M
Construction company Concefa Sibiu (COFI.RO), owned by businessman Horatiu Cercel, on Monday said it plans to increase its share capital by 14.2 million lei (EUR3.36 million), to RON71.6 mil...
Leu Opens Weaker Vs Euro, On US Woes
The leu opened weaker versus the euro Monday, in line with other currencies in the region, as the risk aversion of investors rose on fears of the US state debt.
Shares Open Down, On Deal Market Trading
The Bucharest bourse opened Monday with a downward motion, while the bulk of activity in the market was focusing mainly on deal market trades, as well as on investment fund Fondul Proprietat...
Who’s To Blame For Petrom Offering Failure?
The Romanian government’s offering to sell 9.84% in OMV Petrom (SNP.RO), the biggest transaction in the entire history of the Bucharest Stock Exchange, was almost invisible during the subscr...
Ariton: Petrom Offering Will Resume In 1Q '12 At The Earliest
Romanian Economy Minister Ion Ariton said the sale process of a 9.84% stake in dominant oil company OMV Petrom (SNP.RO) will be resumed in the first quarter of 2012 "at the earliest."
Leu Loses Ground Vs Euro After Failed Petrom Sale
Romania’s leu lost part of its earlier gains versus the euro in late trade Friday, after the state failed to sell a 9.84% stake in oil company OMV Petrom (SNP.RO), due to weak demand.