EBRD increases its stake in Bucharest Stock Exchange

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The European Bank for Reconstruction and Development (EBRD) has increased its stake in Bucharest Stock Exchange (BVB) to 5.12 percent, through the purchase of 10,000 BVB shares on February 1, 2016, agerpres.ro informs.

The EBRD already held a stake of 4.99 percent (382,942 shares) in BVB. Now it has 392,942 shares, which give it as many votes in the means a similar number of votes in the Extraordinary General Meeting.

BVB posted profits of RON 4.82 million, namely RON 0.63 per share, for the first nine months of 2015, down by 48.3 percent year-on-year, according to financial data.

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