Sobolewski: BVB-Sibex merger should take place in the following weeks

The merger between the Bucharest Stock Exchange (BVB) and Sibex should take place in the following weeks, and at the moment the last decisions are expected by the Financial Surveillance Authority (ASF), said the CEO of BVB, Ludwik Sobolewski.

“The capital market from Romania was undervalued for many years. It was also classified as a frontier market, which now can be upgraded. A change is starting. Last year we were on the watchlist to become an emergent market, so we see a better interest of the local and international investors. The situation from Romania is specific in a very good way,” said Sobolewski.

On May 31, BVB announced that it increases its social capital by RON 3.7 million for the SIBEX-Sibiu Stock Exchange merger.