BSE goes public

Shares in the Bucharest Stock Exchange (BSE) started to be traded on its own regulated market last week, representative have announced. “The transformation of the BSE into a publically-held company is a decision that came naturally. It is part of an institutional modernization process that started with the adoption of legislation for the stock market in 2004 and continued with the changing of the legal status of the BSE to a shareholder company, its merger with the RASDAQ electronic stock exchange and making a structure around the BSE formed by a group of institutions that participate in an efficient transaction process,” said president Stere Farmache. He added that this process was not completed with the floating of BSE stocks. “It must be seen as an objective of a stage that opens the way for the future development of the BSE,” he said.

Anda Sebesi