Prospect of Oltchim's privatisation sends share price up 70% in last month and a half - 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 » March, 2011 » 31 March 2011

Prospect of Oltchim's privatisation sends share price up 70% in last month and a half
31.03.2011, 23:56 | Capital Markets | 1069 views



The shares of Oltchim Râmnicu-Vâlcea (OLT), the biggest petrochemical facility in Romania, have been heavily traded by Stock Exchange investors, which brought the shares' market value up by around 70% in just the past month and a half alone.

Whereas in mid-February an Oltchim share was traded on the market for 0.2 lei, yesterday the price reached 0.338 lei with transfers on the market amounting to 43,000 euros.

The company is currently valued at 28.2 million euros, and last year posted over 1.3 billion lei (310 million euros) in sales. Aerostar Bacău (ARS), which has a similar capitalisation, posted 158 million lei (37 million euros) in sales in 2010.

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...


02.11.2013, ora 09:07 | 1143 vizualizări
Retail investors have allocated 937 million euros for Romgaz offer
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 | 1235 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 1999-2024 Pandora Impex SRL.