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Friday, January 28, 2005
Just had my exam in Capital Markets today, so this fits in perfectly...
Alro, the Romanian aluminium smelter, raised just 161.7 billion lei ($5.6 million/4.3 million euro) in a capital hike initially designed to boost its capital by 234.5 billion lei to 2.18 trillion.
Shareholders subscribed for 32,347,504 shares at their nominal value of 5,000 lei each, the company said in a statement to the Bucharest Stock Exchange (BVB), where it is listed.
The 14.5 million shares that were not subscribed for were cancelled.
On one hand, I am happy to see ALRO manages to raise some money. On the other hand, even if I am not THE expert in romanian Stock Markets, I know ALRO is doing pretty well...I believe they deserved more.
Hopefully they're gonna make good use of the money.
Posted by Mihai : 1/28/2005 03:48:00 pm
06/01/2004 - 07/01/2004
Finance minister, new Romanian governor at EBRD
Telekom Austria could take over Mobifon
BVB indices keep falling
NH Hoteles Will Open Its Second Hotel In Timisoara
Phare HR development program.
Bit software becomes Microsoft Gold Certified Partner
AVAS's president Ursache replaced
BBC appoints Softwin as IT supplier
Romania bids for 2012 European Championship
Romania new car sales
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