Capital Market
Renaissance Blames Market Conditions For Petrom’s Failed Offering
Romania’s unsuccessful attempt to sell a 9.84% stake in top oil company OMV Petrom (SNP.RO) at the desired price was due to difficult market conditions and low investor appetite, according t...
Bucharest Shares Close Up, SIFs Gain 2%
The Bucharest stock exchange ended the week on an upbeat note, following the international markets' trend, with financial stocks dominating the trading session.
Weak Demand Hinders Petrom Offering
Romanian authorities will reschedule the sale of a 9.84% stake in dominant oil company OMV Petrom (SNP.RO), after a secondary public offering failed to raise enough interest from investors,...
Leu Widens Gains Vs Euro, Exchange Rate At 4.2233
Romania’s leu extended early gains versus the euro by mid-trade Friday and the central bank’s reference strengthened 0.5% to 4.2233 units, from 4.2454 units a day earlier.
Romania May Extend Petrom Bid Deadline Due To Low Uptake - Sources
Romanian authorities might have to extend or even reschedule a secondary offering for a 9.84% stake in dominant oil company OMV Petrom (SNP.RO), due to a low level of subscriptions, people f...
Leu Opens Higher Vs Euro, In Line With Neighbors
The leu opened higher against the euro Friday, amid a positive sentiment in the region after the eurozone leaders agreed on a second EUR159 billion bailout for Greece.
Bucharest Shares Up 2% In Early Session On Revived Trading Values
Bucharest-listed shares opened Friday on a rising trend, boosted by optimism on international markets, after euro-zone ministers agreed on a new bailout package for Greece.
Romania Becomes Shareholder In Petromidia Again After 11 Years
The Finance Ministry last year collected EUR55 million from Rompetrol Rafinare’s (RRC.RO) EUR571 million debt, and for the remaining EUR516 million it received shares accounting for 44.6% in...
Finance Ministry May Leave EUR1.26B In Banks To Push For Lending Uprise
The Finance Ministry does not plan to refinance the club loan worth EUR1.26 billion due at the end of next week, but may consider a rollover of the EUR1.21 billion bond issue also maturing t...