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Dec 07, 2007 18:26 EEST
December 7 (SeeNews) - Romanian bakery group Boromir said on Friday its shareholders decided to transfer its listing from the over-the-counter market RASDAQ to the first or second tier of the Bucharest Stock Exchange (BVB).
The company provided no further details.
Boromir stock was last traded up 7.69% at 1.4 lei ($0.6/0.4 euro) per share on December 6. It was suspended from trading on Friday due to the shareholders' meeting.
Boromir (www.boromir.ro), based in Ramnicu Valcea, southwestern Romania, produces flour, bread, pasta and pastries. The company, set up in 1994, has four mills and a daily production capacity of 1,300 tonnes.
Its main competitors on the Romanian bakery market are Vel Pitar, Dobrogea Group and Titan, majority - owned by the Vienna-based Leipnik-Lundenburger Invest.
(1 euro = 3.5128 Romanian lei)
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