Initial public offering

*The Bucharest Police on Friday morning operated some 76 searches - 63 in Romania's capital city and 13 in the counties of Ilfov, Prahova, Dambovita, Teleorman, Giurgiu and Ialomita - in order to dismantle a mob specialized in tax evasion, money laundering and illegal VAT reimbursement, supposed to have created losses of around EUR 68 million.

The renewable energy business of Greece's biggest construction company Ellaktor will next week launch an initial public offering (IPO) of shares on the Athens Stock Exchange, it said on Friday.
The offering by ELTEH Anemos will be the first on the Athens ... ...

The small investors in the initial public offering of Romanian power producer Electrica stocks were rushing into selling the shares on Friday, the very first day these have been traded on the Bucharest Stock Exchange, and they have managed gaining profits at 6-7 percent as compared to the price for which they had purchased Electrica shares in the IPO a few days ago.