The shares of the Bucharest Stock Exchange (BSE), the companythat operates the main stock market in Romania, will start tradingon the Stock Exchange on Tuesday 8th of June, with this being thefirst major floatation after an almost two-year hiatus.
The Stock Exchange is currently put at around 66-70 million euros,according to buy and sell ads published over the last few weeks,over 30 times last year's net profit of 2 million euros.
Once the shares are listed, brokerage companies and individualsholding shares will be able to sell them much more easily. Inaddition, anyone will be able to buy BSE shares, with theinvestment in these shares amounting in fact to a bet on thedevelopment of the capital market.
At present, the main shareholders of the Stock Exchange are brokerDaniel Tepes, with 4.5% of the shares, and Nicolae Musgociu, with4.34%. Their stakes are put at around 3 million euros. The around70 brokerage firms on the market however hold over 80% of theshares, and, according to the law, no shareholder may hold morethan 5% of the voting shares.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
