Romgaz, the largest natural gas producer and the main supplier in Romania, company listed on the Bucharest Stock Exchange (BVB) benefits from May 16th, 2023 from the Issuer Market Maker services provided by Raiffeisen Bank International. Romgaz is listed on the Bucharest Stock Exchange since 2013. On May 17th, 2023 the company’s market capitalization was RON 15 bn, being the 2nd largest company on the stock exchange.
The SNG share is the 6th share of an issuer listed on the stock exchange on the Main Market for which Raiffeisen Bank International provides Issuer’s Market Maker services. The total number of financial instruments listed on the Bucharest Stock Exchange’s Main Market that benefit from the Issuer’s Market Maker services reaches 22. The specific parameters that apply to the Issuer’s Market Maker activity carried out by Raiffeisen Bank International for SNG shares are available HERE.
“We are very pleased about having won yet another Issuer’s Market Maker mandate at the Bucharest Stock Exchange and the trust placed in our expertise. The mandate demonstrates RBI’s continued commitment to the Romanian capital market”, stated Guenther Kornfellner, Equities & Derivatives Trader for EMEA, Raiffeisen Bank International AG.
“Romgaz is a representative company for the capital market, being one of the largest companies listed on the stock exchange according to capitalization and, at the same time, an emblematic participant in the Romanian economy. We want this new partnership of the Issuer’s Market Maker at the Bucharest Stock Exchange between Romgaz and Raiffeisen Bank International to contribute to boosting the liquidity of Romgaz’s shares and implicitly improving the market liquidity. We are glad that issuers are open to contracting this type of service, which indicates their commitment to increase performance on the Romanian capital market”, stated Adrian Tanase, CEO Bucharest Stock Exchange.
The IMM is the participant in BVB’s trading system that has taken on the role of sustaining the liquidity of a financial instrument. Further information regarding the general framework for the IMM Program can be found HERE.