The Bucharest Stock Exchange (BSE) will float on its own marketin two months' time at the latest, after the Stock Exchange Boardselected brokerage company Intercapital Invest to handle theoperation.
The listing of the BSE is the leading move of its kind in thelast two years, with the last major company to be floated on theStock Exchange being Teraplast Bistrita, in July 2008. Currentlyput at around 50-60 million euros, the listing would propel the BSEstraight into the top 20 of the biggest listed companies, and wouldmake its around 50 shareholders euro-millionaires - brokers andindividuals hold over 80% of the Stock Exchange's capital. MirceaMusgociu, who holds 4.3% of the Stock Exchange's shares, cold sellthem for over 2.5 million euros after floatation.
Up until last year, all transactions with BSE shares had to beapproved by the Stock Exchange Board, which made the process dragon. Since October 2009 sales procedures were simplified, in orderto prepare the share listing, with few official data available ontransactions conducted since then. The latest buying offers on thewebsite of the Stock Exchange put the market operator at 48 to 56million euros.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
