Merger of BVB and Sibex to be completed in the coming weeks

The merger of the Bucharest Stock Exchange (BVB) and Sibex - Sibiu Stock Exchange should be completed in the coming weeks, as the final decisions of the Financial Supervisory Authority (ASF) are being awaited for, BVB CEO Ludwik Sobolewski said.

The merger should happen in the coming weeks. We are now waiting for the final ASF decisions, Sobolewski said. 

He went on to say that the Romanian capital market has been undervalued for many years and now has a chance to be upgraded. 

The Romanian capital market has been undervalued for many years. It has also been classified as a frontier market that now has a chance to be upgraded. A change is beginning to show. Last year we were placed on the watchlist to become an emerging market, therefore we see a higher interest of local and international investors. Romania's situation is very specific in a very good sense, the BVB CEO said. 

On May 31 the Bucharest Stock Exchange announced that it was increasing its share capital by 3.7 million lei for the merger with Sibex.

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