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Bucharest Bourse Opens Down Amid Low Volumes
The Bucharest stock exchange opened down Wednesday, tracking international markets, and the bourse’s overall traded value was lifted by transactions with Fondul Proprietatea (FP.RO) shares a...
Businessman Ioan Niculae Sells 92.54% Stake In Giurgiu Nav, A EUR3.8M Deal
Interagro, owned by businessman Ioan Niculae, sold the 92.54% stake in naval shipping company Giurgiu Nav on the Bucharest Stock Exchange Monday, for 17.37 million lei (EUR3.8 million).
Dividend Shares, Top Performers On Stock Market
The shares that saw the highest dividend payment rate in the last few years are among the few to have increased in the past four years and stood out from the rest, which posted negative yiel...
Ameropa Holding Starts Delisting Azomures From Bucharest Bourse
Romania’s securities commission CNVM on Tuesday decided Swiss grain trader Ameropa Holding AG may delist Romanian fertilizer producer Azomures (AZO.RO) from the Bucharest bourse.
Electrica Seeks EUR375M Deal With Enel For Unit Shares
Romanian state-run energy company Electrica plans to sell 13.47% of its 23.57% stake in power distributor Electrica Muntenia Sud to Italian utility Enel in a bid to raise approximately EUR37...
State Made To Pay For Fondul Proprietatea's Failure
The Romanian state is forced by a Bucharest court of law to make cash payments to a former owner because he can only sell at a loss the shares received in investment fund Fondul Proprietatea...
SIF Triple Profits From Share Sales
Four of the five regional investment funds (SIF), ended the first half with cumulated profits of 331.3 million lei (EUR73 million), 3.7 times higher than last year, mainly because of the sal...
Romania’s Stake In Rompetrol Transferred To Economy Ministry
Romania’s Finance Ministry plans to transfer its 44.7% stake in oil refinery Rompetrol Rafinare (RRC.RO) to the privatization division of the Economy Ministry, according to a government draf...
Fondul Proprietatea Brings Foreign Money To Stock Exchange, But Fails To Attract Local Investors
Foreign investment funds brought over $500 million to the Romanian stock exchange in investments in Fondul Proprietatea (FP.RO) shares since the fund’s listing in January 2011. However, the...