Capital Market
Bucharest Shares Open Below Par, On Modest Trading
The Bucharest bourse opened lower Monday, on reduced volumes, and chemical company Oltchim (OLT.RO) continued to decline, with its stock down 15% in early trade.
South-African NEPI Draws EUR29M In Share Capital Hike
South-African fund New Europe Property Investments (NEPI) announced it has recently drawn EUR29 million in a share capital hike, adding the new stock will enter trade on June 22.
Leu Opens Weak Vs Euro, On Negative Sentiment
The Romanian leu opened weaker versus the euro Monday, in line with other currencies in the region, on Greece-related negative sentiment.
SocGen And Erste Collect EUR1.1M Fee After Romania's EUR1.5B Bond Issue
Societe Generale and Erste Group, the two banks hired as lead managers of the EUR1.5 billion bond issue launched by Romania a week ago on international markets, collected a fee of 0.075% of...
What Does Templeton Plan To Do With The Stock Repurchased By Fondul Proprietatea?
Franklin Templeton, the manager of the EUR4 billion assets of Fondul Proprietatea (FP.RO), plans to cancel all the 66.7 million shares the fund has so far repurchased from the Bucharest bour...
Petrom Offer Due In July
The sale of a 9.8% stake in Petrom (SNP.RO), the largest Romanian company, will be completed by late July, Economy Minister Ion Ariton has firmly stated. The minister’s statement is surprisi...
Deutsche Telekom, Bayer And E.ON To Float In Bucharest June 21
Germany’s telecom operator Deutsche Telekom (DTE.RO), drug maker Bayer (BAYN.RO) and utility E.ON (EOAN.RO) will be floated in Bucharest on June 21, the market operator said Friday.
CNVM OKs New Board Members At SIF Oltenia
Romania’s securities commission CNVM Friday sanctioned the appointment of Lucian Buse and Petre Ghibu as Board members at investment fund SIF Oltenia (SIF5.RO).
Leu Edges Up Vs Euro Amid Positive Sentiment
Romania’s leu gained modestly against the euro Friday, amid a positive sentiment in the region after Germany and Greece reached an agreement on giving more help to troubled Greece.