Businessman Marian Petre Milut, controlling around 80% in stockof Prefab Bucuresti (PREH) ACC and building materials producer hasset a three-month deadline for him to list the company on the mainmarket of the Bucharest Stock Exchange (BSE), with the floatationpapers already submitted to CNVM for approval. Prefab stock iscurrently traded on RASDAQ market, having a quite low liquiditylevel, with daily transactions rarely going beyond the 10,000-euromark. Milut has recently sold a stake of 200,000 Prefab shares,worth around 100,000 euros "for market volatilisation". On theother hand, he's in recent months bought Prefab shares on his ownbehalf and through Romerica International, with transactionshandled by IFB Finwest brokerage. In 2008, Milut stated heconsidered delisting Prefab from RASDAQ, after the stock plummetedby over 90% from the 2007 highs and said that some brokers weremanipulating the stock price. He reiterated the idea last year.Now, he says he plans to turn Prefab into one of the mostattractive companies on the Bucharest Stock Exchange.
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