November 29 (SeeNews) - Romanian stock market regulator CNVM said on Thursday it has approved the intention of U.S. investment bank Morgan Stanley to buy more than 50% of HTI Valori Mobiliare brokerage.
A spokesman for Morgan Stanley confirmed to SeeNews the bank’s intention to buy HTI Valori Mobiliare, but declined to provide further details.
You can subscribe to our M&A newsletter here
CNVM has also approved the intention of Morgan Stanley to get indirectly a maximum 5.0% voting rights in the Sibiu Monetary Financial and Commodities Exchange, the regulator said in its weekly news bulletin.
The acquisition of HTI Valori Mobiliare will enable Morgan Stanley to indirectly become a shareholder of the Sibiu Monetary Financial and Commodities Exchange, as the Romanian brokerage holds 7.38% in the exchange.