News » March, 2011 » 1 March 2011
Romanian investors should have priority over foreign ones in Petrom offering
01.03.2011, 08:14 | Capital Markets | 788 views
Romanian individuals should entirely receive the shares they will subscribe in the future stock sale offering the state will carry out at Petrom, while for the other categories of investors shares should be allotted in line with the subscribed sum (pro-rata), maintains the Association of Capital Market Investors (AIPC). "Thus, the state will support the development of Romania's capital market by favouring the shaping up of a mass of domestic investors, who will this way see the stock exchange as an alternative to banking deposits," says Dumitru Beze, AIPC chairman, in a notice sent to CNVM (National Securities Commission) and the Economy Ministry. Read more on ZF.ro
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