Thus, the EBRD sold 500 (or 0.006%) of the shares in the Bucharest Stock Exchange.
According to ZF calculations based on the closing price of October 7, the EBRD’s investment in BVB amounts to nearly RON9.85 million.
Per a previous notification, the EBRD held 5.12% of the share capital of BVB, which means the former had previously sold shares in BVB without dropping below the threshold of 5%, therefore, without having to report the transactions.
BVB shares have been trading down 5% since the beginning of 2020, amid deals worth RON16 million, ensuring a market value of RON197.2 million.