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Nov 23, 2007 13:10 EEST
BUCHAREST (Romania), November 23 (SeeNews) – Romanian brokerage house SSIF Broker said on Friday it paid 2.2 million lei ($0.9 million/0.6 million euro) to raise its stake in metal scrap recycling company Remat Maramures from 9.84% to 30.18%.
SSIF Broker acquired 72,051 Remat shares in the deal, the brokerage house said in a statement.
SSIF Broker also said it has exited metals wholesaler Admeb Bucharest, selling its 5.25% stake in the company for 1.36 million lei.
Remat and Admeb are listed on the over-the counter market RASDAQ. Remat stock was last traded down 1.64%, at 30.0 lei per share at 0917 GMT. Admeb stock lost 5.48% to 3.45 lei per share at 1020 GMT.
SSIF Broker almost trebled on the year its nine-month net profit to 32.84 million lei. Its shares gained 0.93% to 2.17 lei per share, at 1024 GMT on the Bucharest Stock Exchange.
(1 euro= 3.6215 Romanian lei)
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