Record day for the Stock Exchange: EBRD exits BRD for 107m euros - financiare.ro
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News » February, 2011 » 24 February 2011

Record day for the Stock Exchange: EBRD exits BRD for 107m euros
24.02.2011, 00:05 | Capital Markets | 795 views



The torpor that the Bucharest Stock Exchange had gone into after the first few days of trading of Fondul Proprietatea shares was shaken yesterday at 4:02 PM when the trading screens displayed eight BRD share transactions, which involved 34 millions of shares worth 107 million euros.

Yesterday set a new record in terms of the value of share transactions on the Romanian market, with yesterday's transfers amounting to 116 million euros, after the 109 million-euro record set in 2007.

The European Bank for Reconstruction and Development (EBRD) sold its entire 4.99% stake in the second-largest bank in Romania. The transactions were concluded at the price of 13.05 lei/share, 5.43% lower than Tuesday's market price.

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