Cemacon is one of the problem companies on the stock exchange, as it has overdue debts of more than EUR11.9 million to BCR bank for loans taken out in 2007, so entry of the Finnish fund as a shareholder brought optimism to investors.
Another inspired bet would have been on the shares of construction materials manufacturer Comcm Constanta (CMCM.RO), which climbed by 76%, as the conflict between the main shareholders – SIF Transilvania (SIF3.RO) and former football coach Constantin Fratila has been solved.
Top risers also included vacuum cleaner maker Electroarges Curtea de Arges (ELGS.RO), with a 55% rise, and Rompetrol Rafinare (RRC.RO), which grew 42% on the bourse. The rise came amid information that the state could reach agreement with KazMunaiGas on the 44% stake the former holds, though not by choice, in Rompetrol Rafinare, after a bond issue had been converted into shares.
(English version by Daniela Stoican)