Eximprod leases space in Skanska Bucharest building
Bulgaria's TBS Group shrinks 9-mo cons net profit 18% y/y
Hapag-Lloyd opens offices in Bulgaria
Bosnia's Serb Republic Jan-Nov tax revenue up 15% y/y
Romania's industrial PPI down 2.2% y/y in Oct
Oct 12, 2007 14:55 EEST
BUCHAREST (Romania), October 12 (SeeNews) – The Warsaw Stock Exchange (WSE) said on Friday it acquired a 1.8% stake in Romania's monetary and derivatives exchange in Sibiu worth 937,600 Romanian lei ($397,709/ 280,521euro).
“The Warsaw Stock Exchange considers the Romanian capital market to be one of the major markets of central and eastern Europe, and plans to build mutual long-term relations to the advantage of both, the Polish and the Romanian, stock exchange markets.” WSE’s CEO Ludwik Sobolewski said in a statement.
You can subscribe to our M&A newsletter here
The acquisition is WSE’s first equity investment in in central and eastern Europe.
The WSE bought 586 shares at a price of 1.6 lei each during the second stage of a capital rise of the Sibiu Monetary Financial and Commodities Exchange (BMFMS) involving a new share issue.
In July, shareholders decided to raise BMFMS's capital by 1.9 million lei to 6.5 million lei in two stages. From September 25 to October 9, financial and credit institutions had the right to subscribe the 636 shares that remained unsubscribed during the first stage of the capital hike.
(1 euro= 3.3423 Romanian lei)
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options