If the project is realized, BVB may become a technical infrastructure provider and shareholder of the neighboring operator, which would be a first for a Romanian company.
The Bucharest Stock Exchange (BVB) announced its intention to invest 400,000 euros in the creation of a new stock exchange in the Republic of Moldova. The project is being coordinated together with the State Property Agency in Chisinau and other institutional investors. The initiative is aimed at modernizing the capital market infrastructure in Moldova and attracting local and foreign investors, taking into account that Moldova already has an existing Moldovan Stock Exchange.
According to the documents sent to the shareholders, BVB will subscribe to the initial authorized capital of the new company, estimated at 1.275 million euros, with a 31% stake. The Bucharest Stock Exchange reserves the right to subsequently increase the investment by another 200,000 euros, but without any commitment, which will keep its stake between 13% and 20%, depending on the final share capital level, projected at 3 million euros.
