Capital Market
Bucharest Stocks Open Up, Eyes On Petrom
Bucharest shares opened higher Friday, with top oil company OMV Petrom (SNP.RO) gaining momentum ahead of a much-anticipated secondary offering due July 11.
Leu Up Vs Euro In Early Trade
The leu edged higher against the euro amid a quiet market Friday morning and traded slightly below 4.2 units in the first part of the session.
Pogonaru Launches Takeover Bid For Prodplast At RON1.27/Share
Businessman Florin Pogonaru next week will launch a takeover bid for the remaining stake in plastics producer Prodplast (PPL.RO) at 1.27 lei (EUR0.3017) a share, 4.9% above the latest closin...
Whoever Pays EUR610M First Can Get 9.8% In Petrom
The government chose to sell the 9.84% in Petrom (SNP.RO) using a novel approach for the Romanian capital market: an auction starting from a maximum price of 0.46 lei (EUR0.11) per share wit...
Attracted By High Yields, Foreign Investors Now Hold Over 15% Of Leu-Denominated Paper
Foreign investors, mostly corporate entities, owned leu-denominated state paper worth nearly 9.2 billion lei (EUR2.2 billion), accounting for around 15% of the market volume.
TMK-Artrom Slatina Borrows EUR20M For Working Capital From VTB Bank Austria
Romania’s TMK-Artrom Slatina (ART.RO), controlled by Russian steel pipe maker TMK, Thursday said it will borrow EUR20 million from VTB Bank Austria to finance working capital and repay some...
Leu Closes Slightly Up Vs Euro In Quiet Market
Romania’s leu gained modestly versus the euro Thursday, tracking the currencies in the region, and closed 0.2% stronger on the day at 4.2025/4.204 units.
Bucharest Shares Close Slightly Up, On Moderate Trading
The Bucharest bourse closed Thursday with a slight increase, on moderate turnover, dominated, as usual, by Fondul Proprietatea (FP.RO) trades.
OMV Petrom Filed Complaint With ECHR Against Romanian Courts
Romanian oil company OMV Petrom in January filed a complaint with the European Court of Human Rights against Romanian courts, and is involved in a number of cases that, excluding those again...