Hidroelectrica, leader in electricity production and the biggest Romanian company listed on the Bucharest Stock Exchange benefits from Issuer Market Maker services provided by BRK Financial Group starting with March 7.
“By signing the market maker contract with BRK Financial Group, Hidroelectrica is implementing a strategic measure to support stock liquidity and enhance visibility among international investors. This initiative reaffirms the company’s commitment to its shareholders and investors by ensuring adequate market depth and contributing to the development of an efficient and transparent trading environment.”, said Kàroly Borbèly, CEO of Hidroelectrica.
“Since the establishment of the Issuer Market Maker (IMM) program, whose precise purpose is to create premises for improving market liquidity, today, 24 listed companies benefit from this program. We welcome the decision of Hidroelectrica, the largest Romanian company listed on the stock exchange, in terms of market capitalization, to contract IMM services. Taking into account the fact that last year, the company’s share was the second most traded share on the BVB, to which is added the implementation of specific actions to increase liquidity, such as the IMM contract signed with BRK Financial Group, the context is thus created for supporting liquidity and increasing the attractiveness of Hidroelectrica among investors.”, stated Adrian Tănase, CEO of Bucharest Stock Exchange.
“First of all, we congratulate Hidroelectrica for turning to the services of a market maker and we hope that the results of this partnership will become visible as soon as possible, in terms of improving liquidity from all angles (traded volume, number of transactions, market depth, and trading spread). We will display firm buy and sell quotes with a minimum quantity of 11,000 shares at a maximum spread of 2.5%.”, stated Monica Ivan, CEO of BRK Financial Group.
Hidroelectrica debuted on the Bucharest Stock Exchange in July 2023 following the largest IPO ever made on the stock exchange, worth EUR 1.9 billion. In 2023, it was the largest IPO in Europe that year and the 4th in the world.
Currently, Hidroelectrica is the largest Romanian company listed on the stock exchange in terms of market capitalization, representing 14% of the total market capitalization. Last year, Hidroelectrica stock was the second most traded stock on the BVB, with investors making transactions with company’s shares worth RON 2.7 billion.