43 investors, representing over 30 global frontier and emerging markets funds, gathered recently at ‘Romania Investors Day’ yearly conference in New York City, Bucharest Stock Exchange (BVB) announced in a press release.
Thus, the companies managing over USD 750 bn, met 13 Romanian companies at the event held for the third consecutive time in the U.S. metropolis. It’s about Banca Transilvania, BRD Gr. Soc-Gen, Aeroporturi Bucuresti, Bursa de Valori Bucuresti, Electrica, Fondul Proprietatea, Hidroelectrica, MedLife, Nuclearelectrica, Romgaz, Salrom, Transelectrica and Transgaz.
“Romanian capital market in recent years is a captivating story, which accelerates as we are building up premises for the historical upgrade of its international status”, Ludwik Sobolewski, BVB CEO stated.
On the other hand, BVB representatives held talk with representatives of FTSE Russell and S&P, Dow Jones Indices, about the perspectives and conditions for the upgrade of the Romanian capital market to the status of the Emerging Market, thus continuing dialog with those renowned agencies. A working meeting with MSCI is planned for the first decade of May in Europe, the release also reads.
“Romania has made a giant step when implementing a profound market reform and as a consequence it was included on FTSE Russell’s Emerging Markets Watchlist. The entire local capital market and the country does and will largely benefit from this process”, Lucian Anghel, BVB Chairman of the Board also noted.
BVB as the market of choice for large-size transactions of the secondary and primary market (proven by the block and “accelerated book building” transactions executed in 2017, and the MedLife IPO), was among the discussed issues.
There was also talks focused on the potential to improve the market liquidity residing in the liquidation of the “dormant accounts”, development of the lending and borrowing of securities and the chances offered by the consolidation of the trading architecture after the absorption of the second market operator by BVB.