Today was the sixth day of the offering, which includes three separate packages for corporate and retail investors. The stake reserved for small retail investors has been heavily oversubscribed ever since last week, and market participants said corporate investors also subscribed the entire stake available in their segment, equal to 85% of the total available shares.
Electrica is offering 177.18 million shares at a price range of 11 to 13.5 lei (EUR2.5 to EUR3.07) per share and at $13.55 to $16.63 per GDR.
So far, most of the bids were made at RON11 a share. At that price, the stake on offer is valued at RON1.95 billion (around EUR443 million).
The newly launched BET Plus index, replacing the BET-C composite index, closed up 1.5 points, or 0.15% at 1,001.50, while the BET index advanced 12.99 points to 6,760.77.
BET-FI, which tracks Fondul Proprietatea (FP.RO) and the five regional investment funds SIFs, rose 211.65 points, or 0.74% at 28,798.88.
The benchmark index BET-BK finished the session at 1,233.44, down 0.04% on the day, while the energy stocks tracker BET-NG was up 0.08% flat at 670.30.
The wider BET-XT closed up 0.28% at 607.64.
Overall trade value in Bucharest reached RON37.7 million (EUR8.5 million), little changed on the day.