Financial
November 01, 2013 16:27
Romgaz has successfully completed its first IPO (initial public offering), the Romanian state succeeding to raise RON1.7 billion (USD534 million), nearly to the maximum targeted amount of RON1.85 billion. The offering started on October 22 and ended yesterday and the price per share that initially was estimated between RON24 and RON32 was established closely to the maximal price - RON30 per share and USD9.25 for a GDR (Global Depository Receipts)....more »
October 31, 2013 14:07
Another confirmation of the revival of the Romanian banking sector comes from Banca Transilvania (BT). After yesterday’s report released by BCR, showing a significant improvement after the losses recorded in 2012, the data published this morning by Banca Transilvania certifies the upward tendency in the banking area....more »
October 30, 2013 14:50
The 2% economic growth IMF (the International Monetary Fund) estimated for Romania this year will be marginally higher, somewhere between 2.3% and 2.5% announced Daniel Daianu, First Deputy President of the Financial Supervisory Authority (ASF), according to Agerpres. Yet, the improvement is mainly due to the agricultural production which registered record volumes this year....more »
October 30, 2013 11:51
While after Q3 in 2012 BCR reported losses of more than EUR 172 million, the Group announces a net profit of almost EUR127 million within the first nine months of this year, keeping the improvement tendency reported for Semester 1. Besides that, the costs related to the risk provisions went down significantly compared to the same period in 2012, registering a decrease by 37.9% to EUR371 million according to the data showed in a BCR release....more »
October 22, 2013 12:31
Romania’s Ministry of Public Finance reopened yesterday the Eurobond issue launched last month, on September 12, borrowing EUR500 million from international capital markets. The transaction is considered a success due to the lower yield compared to the one initially applied, as per a press release from the Ministry....more »
October 21, 2013 16:35
Romania’s Financial Supervisory Authority (ASF) approved the amendment FP submitted in order to extend the current public offering. Hence, the offering started on October 15 will be ended on November 14, ten days later than the date firstly established. Besides the extension, ASF also approved an amendment enabling a shareholder that holds more than 600 million shares to place subscription orders for a higher number of shares and in case the offering will be oversubscribed (it has already been oversubscribed), the distribution will be made pro rata....more »
October 21, 2013 11:44
Romgaz launches the public offering for the 15% of its shares only tomorrow, October 22, since there has to pass at least two days from approving the afferent prospect and the effective launch of the IPO. ...more »
October 16, 2013 13:29
Proprietatea Fund (FP) has started its public offering through which expects to redeem up to 600 million shares from the fund’s shareholders after receiving on October 10 the approval from the Financial Supervisory Authority (ASF). ...more »
October 16, 2013 11:39
AdePlast’s initial public offering (IPO) for listing on the Bucharest Stock Exchange (BVB), the first one run by a private company over the past five years, failed since the minimum thresehold of the shares the construction company offered for subscription has not been reached....more »
October 13, 2013 12:38
Romgaz officially announced its intention to run an IPO (initial public offering) for 15% of the state-company's shares as per a company release. The shares listing is part of the privatization strategy of Romgaz stated by the Governmental Decision no. 831/2010. ...more »
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