Joining the index would boost the visibility of Electrica stock on the radar of investment funds with $12 billion in assets and is likely to generate capital inflows in the company’s stock.
“We hope that by yearend Electrica gets to be included in MSCI frontier index, beside Petrom, Romgaz, BRD, Banca Transilvania and Transgaz. Our objective is for the Bucharest bourse to enter in 2015 on the shortlist for upgrading to the emerging market index,” said Ioana Tanase, head of BCR’s corporate finance and investment banking unit.
The Bucharest bourse is classified by US index company MSCI as a frontier market.
(English version by Catalina Apostoiu)