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Foreigners brought 84.3m euros to the Stock Exchange last year

Autor: Adrian Ionut Cojocar

05.01.2011, 00:02 15

Foreigners made net Stock Exchange acquisitions worth 84.3million euros last year, 88% more than in 2009, but a lot less thanin 2006 and 2007.

The value of foreign capital inflows on the Stock Exchange wassignificantly affected by the transactions made by Kazakhstan'sKazMunaiGaz, which bought Rompetrol Rafinare shares from localinvestors for around 58 million euros, both through a tender offerand directly from the market. Transactions involving Rompetrolaside, foreign capital inflows amounted to around 26 million euros,similar to one month's level during the market booming period.

SIFs (financial investment companies) sold BRD Société Générale(BRD) shares worth around 48 million euros, with the buyers mostlikely being foreign investment funds. Shares of the BucharestStock Exchange were also attractive to foreigners, with some of theoperator's leading shareholders, one of whom is Daniel Ţepeş,putting significant stakes up for sale, while Erste and FranklinTempleton were on the buying side.

Romanians took out 73.6 million euros from the Stock Exchange,with the cumulative balance of accounts where Erste Bank (EBS)shares are traded being a negative one of 10.6 million euros.

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