In 2010, companies raised record high sums through the StockExchange, of above 550m RON (130m euros), even more than in themarket's boom years of 2007 and 2008, but this time the sumsshareholders pumped into companies were no longer aimed atdevelopment projects, but were meant to keep businesses afloat.
Entrepreneurs last year coped with an extremely challengingbusiness environment, so that many had to bring significant sumsinto companies just to cover losses and protect themselves againstthe recession and financial crisis fallout.
Including RASDAQ, listed companies in 2010 raised over 1.06bn RON(250m euros) through cash capital increases. The sum is very low,though, compared with the Bucharest Stock Exchange's 12.6bn-eurocapitalisation.
Last year's biggest cash capital operation was carried out byIndia's billionaire Lakshmi Mittal, who, through the internationalgroup he controls, ArcelorMittal, added approximately 350m RON(81.3m euros) to the capital of ArcelorMittal Hunedoaracomplex.
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