The torpor that the Bucharest Stock Exchange had gone into afterthe first few days of trading of Fondul Proprietatea shares wasshaken yesterday at 4:02 PM when the trading screens displayedeight BRD share transactions, which involved 34 millions of sharesworth 107 million euros.
Yesterday set a new record in terms of the value of sharetransactions on the Romanian market, with yesterday's transfersamounting to 116 million euros, after the 109 million-euro recordset in 2007.
The European Bank for Reconstruction and Development (EBRD) soldits entire 4.99% stake in the second-largest bank in Romania. Thetransactions were concluded at the price of 13.05 lei/share, 5.43%lower than Tuesday's market price.
BRD's majority shareholder, French group Société Générale did notbuy the stake, although negotiations were held, with price offersalso being made, according to financial market sources. The 4.99%was very likely bought by several institutional investors,according to the share transactions displayed by the StockExchange.
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