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EBRD increases stake in BVB to 5.12 per cent

The European Bank for Reconstruction and Development (EBRD) has increased its stake in Bucharest Stock Exchange (BVB) to 5.12 pct, through the purchase of 10,000 BVB shares on 1 February 2016, according to the BVB website quoted by Agerpres.

2016-02-05 11:07:53

The EBRD already held a stake of 4.99pct (382,942 shares) in BVB; now it has 392,942 shares, which give it as many votes in the means a similar number of votes in the Extraordinary General Meeting.

The Bucharest Stock Exchange posted profits of 4.82 million lei, or 0.63 lei per share, for the first nine months of 2015, down by 48.3pct year-on-year, according to financial data released at the stock exchange. In 2014, BVB had a net profit of 11.9 million lei , or 155 lei per share, up by over 25pct as compared to 2013 and by 20pct over the budget estimate.

The BVB became a joint stock company in 2005, and since June 2010, it listed its own shares. Currently, the BVB is one of the 10 companies included in the BET main index of the market; it is also included in other local indices, as well as in the indices following the evolution of the listed stock exchanges, FTSE/Mondo Visione Exchanges and Dow Jones Global Exchanges.



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