Hidroelectrica (H2O.RO), the largest company at the Bucharest Stock Exchange and the most profitable state-run firm, announced in a stock market report on Friday (Dec 8) the signing of the Business Transfer Agreement from UCM Resita (UCMR), specialized in manufacturing and trading of hydro aggregates and ancillary equipment, as well as in providing maintenance services and specialized technical assistance in the energy sector.
Robert Burlan, Raiffeisen Asset Management: "The Hidroelectrica IPO attracted considerable amounts of money, which later returned to the market" Dragoş Manolescu, OTP Asset Management: "Expectations regarding future interest rate cuts fueled the revaluation of companies, with a positive impact on share prices" Rareş Trif, BT Asset Management: "We started from a point where BET shares were undervalued" Răzvan Paşol, Patria Asset Management: "The Romanian economy performed reasonably, and the global capital markets performed very well"
Asset manager M&G Investments headquartered in London, having assets worth £330 billion (EUR381 billion) under management, has become a stakeholder in Hidroelectrica with the listing of the electricity producer on the Bucharest Stock Exchange.
Record capitalization of 57.9 billion lei for Hidroelectrica; the company has already exceeded the budgeted profit for the whole year Radu Hanga obtained a new mandate as president of BVB The Ministry of Finance launched a new Fidelis offer; subscriptions can be made until December 15