CNVM
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Chelu Forced To Make Takeover Bids In 11 Romanian Companies
Romanian businessman Catalin Chelu has to make takeover bids in 11 companies where he owns stakes of over 33%, according to a series of ordinances issued by the securities commission CNVM.
CNVM Warns SIF Banat-Crisana Over Alleged Breach Of Shareholder Rights
Securities regulator CNVM sent a letter to regional investment fund SIF Banat-Crisana (SIF1.RO) saying the suspension of voting rights for several investment funds, which wanted higher divid...
CNVM Bosses Paid As Much As Wall Street Supervisors
The members of the National Securities Commission (CNVM) are now gaining as much as those of the Securities and Exchange Commission (SEC), the watchdog of the biggest bourses in the world, e...
CNVM OKs New Board Members At SIF Oltenia
Romania’s securities commission CNVM Friday sanctioned the appointment of Lucian Buse and Petre Ghibu as Board members at investment fund SIF Oltenia (SIF5.RO).
Public Companies Must Reveal Shareholders Who Submit Meeting Proposals
Companies listed on a regulated market must make public the identity and participation of any shareholder who requested the introduction of new items on the general meeting's agenda, accordi...
Court Allows Rompetrol Rafinare Delisting, Appeal Pending
The Bucharest Court of Appeals decided securities regulator CNVM should pay The Rompetrol Group 1 million lei (EUR1=RON4.0966) in moral damages after the blocked delisting of Rompetrol Rafin...
CNVM Sees 2011 Revenue Up 45% On The Year, To RON60M
Romanian securities regulator CNVM expects revenue of 59.8 million lei (EUR1=RON4.1146) in 2011, up 45% on the year, on higher turnover on the capital market and estimated increase in the va...