EBRD becomes Bucharest Stock Exchange shareholder with 4.99 pct stake

The European Bank for Reconstruction and Development (EBRD) acquired 4.99 percent of the Bucharest Stock Exchange (BVB) shares, amid such circumstances that the BVB is the centre of the Romanian capital market and the largest stock exchange in Southeastern Europe, the financial institution announced in a release on Wednesday.

According to it, by this stake-holding, the EBRD backs the complex programme of the Romanian Government aimed at developing the capital market, which seeks to improve the functioning of the market, increase its liquidity and the availability of the bond—and equity offerings in the local capital market.

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