Capital Market
Proprietatea Fund Seeks Buyers For 8.63% In Metal Recycler
Romanian investment fund Fondul Proprietatea (FP.RO) plans to sell at auction its 8.63% stake in paper and metal recycler Celuloza si Otel Timisoara, the fund said in a statement Thursday.
Bucharest Stock Opens Down; Oltchim Skyrockets On Speculative Buying
Bucharest shares opened down Thursday morning, mirroring west-European markets, while chemical company Oltchim (OLT.RO) continued to rally amid speculative trading.
Leu Down Vs Euro In Early Trade
The leu edged lower against the euro in a quiet Thursday morning, tracking the currencies in the region.
A&D Pharma Pays EUR44M For London Shares
A&D Pharma, the biggest pharmaceutical group in Romania, paid EUR44 million for around 35% in the company, following a buy back offer made as part of its delisting from the London Stock Exch...
Proprietatea Fund: Romania’s Biggest Privatization At 50% Discount
The reduction of the Romanian state’s stake in Fondul Proprietatea (FP.RO) to less than 33% transfers control over the investment fund’s EUR4 billion assets into the hands of private investo...
Romania Registers EUR7B MTN Program In Luxembourg
Romania has registered its euro medium-term financing program (EMTN – Euro Medium Term Note), worth up to EUR7 billion, with the Luxembourg stock exchange. Next Monday will see the start in...
Leu Weakens Vs Euro Amid Growing Forex Demand
The leu edged lower against the euro in late trade Wednesday, pushed by higher demand for foreign currency, and closed slightly weaker on the day at 4.1325/4.1338 per euro.
Shares Close Up, Proprietatea Dominates Trades
The Bucharest bourse closed Wednesday with robust increase, as chemical companies soared and investment fund Fondul Proprietatea (FP.RO) dominated trading.
Minor Proprietatea Stake Sold For RON63M On Deal Market
A 0.91% stake in investment fund Fondul Proprietatea (FP.RO) was transferred Wednesday on the Bucharest bourse’s deal market through two special transactions worth a total 63 million lei (EU...