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Bourse record: KBC brokers account for over 50% of the market in February

Autor: Andrei Chirileasa

02.03.2011, 08:56 16

The record deals through which the EBRD sold 5% of BRD stock onthe Bourse for 107m euros brought KBC Securities brokers an over50% market share in February, a record for the Romanian capitalmarket.

The brokerage unit of Belgium's KBC bank had received EBRD'smandate for the sale of the 5% stake in BRD as early as the end of2010, and KBC's domestic brokers sought investors among foreigninstitutional clients, with the stake being in the end won by USArtio, the biggest foreign investors domestically, among KBC's mostimportant clients.

Bogdan Juravle, one of the most powerful domestic brokers,landed a similar placement in 2007, when they sold 15% in ZentivaBucuresti drug maker for 31m euros.

In January, when FP was listed, KBC Securities managed to sealthe biggest transactions, of over 90m euros, hitting a 20% marketshare. KBC brokers were the most dynamic on the market in Februaryas well. Excepting BRD deals, they handled deals worth 75m euros,double the ones arranged by the Czech Wood, which ranked second,with 35m euros.

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