Market to be flooded with cheap Fondul Proprietatea shares as of Monday - financiare.ro
 Home Page  | News  | Exchange Rates  | Interbank Rates  | Central Banks  | Capital Markets Authorities  | Romanian Banks  | Archive  | Romanian  
 Finance-Banks  | Economy  | Business  | Capital Markets  | Real Estate  | Cars  | Travel  | HR Careers Education  | Media  | IT & C  | Environment 

News » April, 2011 » 28 April 2011

Market to be flooded with cheap Fondul Proprietatea shares as of Monday
28.04.2011, 23:55 | Capital Markets | 636 views



Almost 1.5 billion Fondul Proprietatea (FP) shares, accounting for 10.7% in the capital of the fund might be transferred by the Finance Ministry to those people who hold compensation deeds and have chosen to have them converted into shares at an average price of 0.6176 lei/share, according to the data supplied by the National Authority for Property Restitution (ANRP).

The ANRP will resume the issuing of conversion deeds on Monday, May 2, a process halted on January 11, prior to the floatation of the fund.

Brokers say the availability of such deeds on the market will put pressure on the price of FP shares, which have been following a downward trend since floatation. The FP shares have gone down from 0.61 lei to 0.579 lei in the past month.

Read more on ZF.ro




Latest news in category Capital Markets

Romania must develop stronger and more liquid financial markets to support economic growth, World Bank experts said told a conference on capital markets, which was held in Bucharest. read more...


Retail investors submitted orders in value of 4.152 billion lei ( over 937 million euros) following Romgaz public offer, on this side the offer being oversubscribed by nearly 15 times over, representatives of some brokerage houses told. read more...


17.09.2013, ora 00:00 | 476 vizualizări
Sources: Alin Tatu has sold his stake in SIF Banat Crişana
According to some market sources, businessman Alin Tatu yesterday sold his 5% stake in SIF1 Banat Crişana, in a trade on the "Deal" tier of the market, following a spectacular hike on the quotations of the market. read more...


Subscribe to newsletter
Name:
E-mail:
News: Yes  No 
Exchange Rates: Yes  No 


Top news last 7 days


Publicitate pe acest site
Copyright 1999-2017 Pandora Impex SRL.