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Oct 16, 2007 14:11 EEST
BUCHAREST (Romania), October 16 (SeeNews) – The shares Romania's Banca Transilvania will resume trading on the Bucharest Stock Exchange (BVB) on Wednesday after the bank completed a capital hike which began in March, it said on Tuesday.
Banca Transilvania has said it plans to raise its capital by 217.7 million lei ($92.1 million/64.9 million euro) from 393.4 million lei, by a bonus and a rights issue. Last month, it offered to its employees some 5.8 million shares that remained unsubscribed after the shareholders had exercised their pre-emptive rights.
At present Banca Transilvania has a share capital of 611.1 million lei divided in 6.11 billion shares with a face value of 0.1 lei each, BVB data showed.
Banca Transilvania’s shares last traded on the BVB on October 12, up 1.12% at 0.9050 lei. They were suspended from trading on Monday prior to the final stage of the capital hike.
Banca Transilvania is controlled by a group of Romanian businessmen. The European Bank for Reconstruction and Development (EBRD) is the biggest single shareholder with a stake of 14.98%. The bank had a net profit of 79.55 million lei for the first half of 2007, up by 35% on the year.
(1 euro = 3.3507 Romanian lei)
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