By Theo Moreni
The Financial Supervisory Authority (ASF) licensed on Wednesday the share capital increase of the Bucharest Stock Exchange (BVB), following the merger with SIBEX-Sibiu Stock Exchange, reads a notice released on Thursday on BVB's website.
'The Bucharest Stock Exchange Company informs that on 15 November 2017 it received from the Financial Supervisory Authority (ASF) the decision no. 1624/15.11.2017 amending the provisions of article 5 of the ASF Authorisation no. 226/05.10.2017 regarding the approval of the share capital increase from 76,741,980 lei to 80,492,460 lei, as a result of the merger between BVB and SIBEX-Sibiu Stock Exchange (absorbed company). Thus, the provisions of the ASF Authorisation no. 226/05.10.2017 will enter into force on the date the ASF decision no. 1624/15.11.2017 is communicated to the Bucharest Stock Exchange Company and not on the date of the merger's implementation as previously provided for in the ASF Authorisation no. 226/05.10.2017,' reads the quoted source.
The Bucharest Stock Exchange achieved a net profit of 7.38 million lei in the first nine months of the year, up 72 pct as compared to the similar period in 2016.