BURSA 20.03.2017

Adina Ardeleanu (translated by Cosmin Ghidoveanu)
 
mărește imaginea
Surprise element: even though there are market rumors that BT is allied with Pogonaru, it is possible it will support Tudor Ciurezu at SIF Oltenia.
     *  There are market rumors that the Banca Transilvania group, as well as Swiss Capital are the most important players in the elections
     *  The ASF can use sanctions for acting in concert to tilt the scales in favor of one side or the other
       The elections for new elections at the SIF are causing tumult on the stock market. What's at stake are the assets of 1.69 billion Euros of the five companies.
     With a maximum holding limit of 5% in each SIF, the shareholders have already made their nominations for the directors of SIF1 Banat Crișana, SIF2 Moldova, SIF3 Transilvania and SIF5 Oltenia and are at the stage of negotiating the lists. Shareholders have to forge coalitions, because the vote is not cumulative, and the calculations have to be done in such a manner that candidates have to get at least 51% of the votes from the present shareholders, if they are to get a seat in the next executive structures.
     Last minute betrayals and misleading rumors are nothing out of the ordinary, and one element that could change plans are the sanctions for acting in concert which the Financial Oversight Authority can issue. In the past, the predecessor of the ASF, the CNVM, decided that certain entities were acting in concert and restricted the voting rights for some shareholder groups, on the very night before two of the general shareholder meetings.
     The elections of SIF Oltenia have drawn the highest interest, so far, judging by the name of 17 candidates, with the main "attraction" being the 6% stake in BCR that SIF Oltenia has in its portfolio.
     There are rumors in the market that one of the most important players in this year's elections at the SIFs is the Banca Transilvania group, as well as the group led by Swiss Capital.
     There are some rumors that BT seeks a greater influence on all the executive structures of the SIFs, after four years ago, the president of Banca Transilvania, Horia Ciorcilă, and Radu Hanga, executive director of Strategy Coordination Department of Banca Transilvania, joined the board of SIF Moldova.
     Officially however, Banca Transilvania has recorded candidates only at SIF Moldova and SIF Oltenia.
     Other voices claim that Swiss Capital wants greater influence at the SIFs, at, coincidentally or not, it has two candidates for SIF2 and SIF5, and furthermore, it is close to SIF1 Banat Crișana and implicitly, SIF4 Muntenia.
     The interest of BT in SIF5 is demonstrated by the fact that the Group is moving Radu Hanga from SIF2 to SIF Oltenia, which has traditionally been the battleground between businessman Florin Pogonaru and current president Tudor Ciurezu.
     Even though there is talk in the market that BT has made an alliance with Pogonaru, some sources are saying that there is a strong possibility of BT supporting Tudor Ciurezu as well, aside from Ana Bobircă, nominated by investment fund Business Capital for Romania Opportunity Fund (BOF), controlled by Florin Pogonaru and Erste Bank.
     According to some market sources, BT and Pogonaru also support Cristian Micu, board member at the BSE, and Ștefan Filip, of the EBRD, for the management of SIF5. Ștefan Filip, who is also supported by SIF2 CEO Costel Ceocea, was nominated by Grigore Filip, who is the CEO of Aerostar, in which SIF Moldova, has a stake of 14.9%.
     There are some rumors that the Ciurezu side also includes Swiss Capital, but which has nominated Sorin Apostol and Ioana-Valeria Avram, nominated by two shareholders.
     Aside from Ciurezu, five members of the current Board of Directors, namely vice-president Anina Radu, Cristian Bușu (current president of Electrica), Victor Căpitanu (of One United Properties), Nicolae Stoian and Carmen Popa.
     Bogdan Iliescu, who sits on the Boards of Electrica and Transgaz, wants a seat on the Board of Directors of SIF5, as does Gabriel Crețu, of Adwisers Financial IFN, and Liviu Giugiumică, of Trident Capital Investments, one of the oldest brokerages on the Romanian stock market. There are rumors in the market that it is backed by funds in London, involved in the Romanian market, as well as a major real estate investor in Romania. The shareholders of SIF Oltenia have also nominated Dorel Berceanu and Mircea Oancea.
     With a battle of such scale, market sources are saying that all the candidates are making "pilgrimages" to the NN and Allianz funds for support.
     Things are still fluid at SIF Oltenia, and the elections of April 4th will show more clearly the alliances in the market, which will also matter later for SIF Banat Crișana and SIF Transilvania.
     On Friday, three "deal" transactions with SIF5 shares were made, representing 3.75% of the capital of the issuer in total, for a total amount of 41.38 million lei, at a price of 1.9 lei/share up almost 16% over the beginning of last week. Shares of SIF5 saw spikes of 4.15% and 3.63% in the two days that preceded the deals, which were made at a price 7.34% higher than the reference.
     At SIF Moldova, the current Board has proposed five candidates. The agenda also includes the proposal to cut the number of members on the Board of Directors from seven to five: Horia Ciorcilă, Octavian Radu, Iancu Cătălin Jianu, vice-president Claudiu Doroș and chairman Costel Ceocea.
     Swiss Capital has two nominations for SIF2 Moldova, namely Robert Cosmin Pană and Olimpiu Blăjuț.
     At SIF Transilvania, the elections will be held on April 28th, and over there, market sources expect a new confrontation between the shareholder faction that supports current CEO Mihai Fercală and that of Constantin Frățilă, one of the biggest shareholders of SIF3.
     The elections of SIF Banat Crișana will be held on April 20th. President SIF1 Bogdan Drăgoi and vice-president Octavian Avrămoiu each want a new term, just like the other board members Ion Stancu, Dan Weiler and Ionel-Marian Ciucioi. Aside from the current board members, three more individuals have submitted their candidacies: Marcel Heinz Pfister, deputy director Bank Alpinum AG, lawyer Radu Răzvan Străuț, who between 2010 and 2015 worked with Reff și Asociații, and Sorin Marica, former advisor in the Ministry of Tourism, former chairman of brokerage firm Active International and president of Dracula Park.
     Market sources are talking about disagreements at the top of SIF1, and given that SIFs have holdings in each others, their resolution will influence the vote that SIF1 will cast in these elections. 
 

 
Readers' comments    [ add a comment ] 
Aceeasi sectiune (English Section)
AFTER BEING INVESTIGATED BY THE TAX ADMINISTRATION AND THE ANPC, BANKS GET INVESTIGATED BY THE COMPETITION COUNCIL
AFTER THE TRANSACTION BETWEEN BANCA TRANSILVANIA AND BANCPOST
PATRICIA SUÁREZ RAMÍREZ, THE PRESIDENT OF THE ASSOCIATION OF FINANCIAL CONSUMERS OF SPAIN:
Actualitate - vezi toate știrile mai jos.
Companii-Afaceri, 12:36
     Consiliul Concurenței a autorizat operațiunea prin care Compania Națională Romarm SA - Filiala Societatea Uzina Automecanică Moreni SA (UAM) și Rheinmetall Landsysteme GmbH înființează compania Romanian Military Vehicle Systems SA.  click să citești tot articolul
Politică, 12:24
VOSGANIAN:
     ALDE a solicitat ca, după nominalizarea Vioricăi Dăncilă în funcția de prim-ministru, să aibă o discuție cu aceasta, în cadrul căreia să fie punctate prioritățile partidului, a declarat miercuri vicepreședintele formațiunii Varujan Vosganian.  click să citești tot articolul
Companii-Afaceri, 12:17
ALERT
     * Senatorul liberal Daniel Zamfir a acuzat că fostul premier Mihai Tudose l-a demis, în decembrie, pe președintele ANRM Gigi Dragomir, din cauză că a emis un ordin privind schimbarea metodei de calcul al redevenței pentru gazele naturale
       Asociația Română a Companiilor de Explorare și Producție Petrolieră (ROPEPCA) a trasnsmis, astăzi, că își exprimă îngrijorarea cu privire la acuzațiile grave și nejustificate aduse din ce în ce mai des în spațiul public împotriva producătorilor români de gaze naturale, acuzații care se referă la presupusa plată necorespunzătoare a redevențelor pentru gazele naturale. Membrii asociației consideră că aceste afirmații nu au nicio substanță reală, iar apariția lor în spațiul public poate fi explicată doar prin utilizarea unor informații insuficiente cu privire la procesul de calculare a redevențelor.  click să citești tot articolul
Politică, 12:12
     Consultările de la Cotroceni pentru desemnarea premierului au început, președintele întâlnindu-se cu delegația PSD - ALDE formată din Liviu Dragnea, Paul Stănescu, Marian Neacșu, Grațiela Gavrilescu și Daniel Chițoiu.  click să citești tot articolul
Bănci-Asigurări, 12:09
     Indicele ROBOR la 3 luni a stagnat astăzi la 1,97%, potrivit datelor publicate de Banca Națională a României (BNR).  click să citești tot articolul
Ediții precedente
Newsletter Facebook Twitter YouTube LinkedIn RSS
Jurnal Bursier
17.01.2018
BVB
     * Transferuri de 10,5 milioane de lei cu acțiuni "Banca Transilvania"
       Volumul înregistrat în cea de-a doua ședință de tranzacționare a săptămânii a fost de 38,87 de milioane de lei, peste cel din ședința precedentă, de 28,5 milioane de lei, dar sub valoarea medie...  click să citești tot articolul
17.01.2018
BURSELE DIN LUME
     Bursele din Europa au urmat un curs pozitiv ieri, exportatorii din regiune fiind impulsionați de deprecierea euro.  click să citești tot articolul
16.01.2018
     Fondurile de pensii administrate de NN au ajuns să aibă o participație de 6,42% din acțiunile MedLife, în urma unui schimb, pe piața secundară a Bursei de Valori București, se arată într-un raport...  click să citești tot articolul
16.01.2018
BURSELE DIN LUME
     Acțiunile tranzacționate la bursele din Europa au scăzut ieri, în condițiile în care firma britanică de construcții "Carillion" Plc, cu 43.000 de angajați, a intrat în procedură de...  click să citești tot articolul
15.01.2018
BVB
     * BET-FI, singurul indice în scădere
       Valoarea tranzacțiilor a urcat la aproape 60 millioane lei, în ultima zi de tranzacționare a săptămânii, peste cea înregistrată în ședința anterioară de circa 55 de milioane de lei, în contextul în...  click să citești tot articolul
15.01.2018
BURSELE DIN LUME
     Acțiunile tranzacționate la bursele din Europa au urmat un curs pozitiv vineri, investitorii reacționând la rezultatele financiare anunțate de companii, dar și la rezultatele preliminare pozitive...  click să citești tot articolul
Cotații Internaționale

Curs Valutar

Curs valabil din data de 16 ianuarie 2018
1 Dolar australian...
1 Leva bulgărească...
1 Dolar canadian....
1 Franc elvețian...
1 Coroană cehă...
1 Coroană daneză...
1 Liră egipteană...
1 Euro...
1 Liră sterlină...
100 Forinți maghiari...
100 Yeni japonezi...
1 Leu moldovenesc...
1 Coroană norvegiană...
1 Zlot polonez...
1 Rublă rusească...
1 Coroană suedeză...
1 Liră turcească...
1 Dolar S.U.A...
1 Rand sud-african...
1 Real brazilian...
1 Renminbi chinezesc...
1 Rupie indiană...
100 Woni sud-coreeni...
1 Peso mexican...
1 Dolar neo-zeelandez...
1 Dinar sărbesc...
1 Hryvna ucraineană...
1 Dirham emirate arabe...
1 Kuna croată...
1 Bahtul thailandez...
1 Gram aur...
1 DST...
AUD
BGN
CAD
CHF
CZK
DKK
EGP
EUR
GBP
HUF
JPY
MDL
NOK
PLN
RUB
SEK
TRY
USD
ZAR
BRL
CNY
INR
KRW
MXN
NZD
RSD
UAH
AED
HRK
THB
XAU
XDR
3.0333
2.3826
3.0695
3.9533
0.1826
0.6256
0.2151
4.6599
5.2494
1.5080
3.4491
0.2233
0.4838
1.1147
0.0676
0.4744
0.9993
3.8182
0.3110
1.1869
0.5926
0.0596
0.3581
0.2025
2.7747
0.0394
0.1333
1.0395
0.6272
0.1194
163.5981
5.4907
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
click aici pentru cursurile pieței valutare - istoric
English Section
10.01.2018
     * Sources: Dan Pazara is leaving together with Mariana Gheorghe
     * Christina Verchere has been appointed for the remaining part of Mariana Gheorghe's term, namely until April 16th, 2019
       The Supervisory Board of OMV Petrom yesterday appointed Christina Verchere as president of the Directorate and CEO of OMV Petrom, replacing Mariana Gheorghe.  click here to read the entire article
20.12.2017
     The red spot on the white paper becomes greenish, but maintains it's shape, when you move your eyes to the empty part.  click here to read the entire article
19.12.2017
     Approximately 700 magistrates from several courts and prosecutor offices in the country have gathered yesterday on the steps of the Bucharest Court of Appeal.  click here to read the entire article
18.12.2017
     * The Secretary General of the European Federation of Journalists has pledged to support with all his strength, the efforts of FAIR-MediaSind to halt the politicians' attacks on the independence of Romanian journalists
       The political assault on the freedom of the press in Romania, through the amendment of the laws of justice by the coalition in power, was one of the main issues today in the meeting of the Social Dialog Commission of the European Commission, which was attended, on behalf of Romania, Leonard Pădureț, president of the FAIR - MediaSind Culture and Mass Media Federation, together with executive president Cristi Godinac.  click here to read the entire article
14.12.2017
EXCLUSIVE:
     * "We need real and rational policy from the international community and not political tricks"
     * (Interview with his Excellency, Mr. Fuad Kokaly, the Ambassador of Palestine in Bucharest)
       The UN stated it was "extremely concerned over the risks of a violent escalation of the situation" after the decision of Donald Trump to unilaterally recognize Jerusalem as the capital of Israel, in a reunion of the Security Council in which the United States have appeared more isolated than ever, according to AFP.  click here to read the entire article
12.12.2017
AFTER BEING INVESTIGATED BY THE TAX ADMINISTRATION AND THE ANPC, BANKS GET INVESTIGATED BY THE COMPETITION COUNCIL
     * Chirițoiu: "We suspect an exchange of sensitive information on the banking market"
     * Dan Suciu, NBR: "The audits of the Competition Council can't be a reason for panic whatsoever"
     * Unannounced audit at Finmedia
     * The investigated institutions are at risk of being fined 10% of their turnover
     * Vasilescu: "The NBR has nothing to do with these investigations"
       The financial banking system seems to be the focus of most of the investigation entities. After being audited by the National Tax Administration Agency (ANAF) and by the National Consumer Protection Authority (ANPC), some of the banks which operate in Romania have also been investigated by the Competition Council (CC).  click here to read the entire article
11.12.2017
THE COURT RULED THAT SOME CONTRACTS CONCLUDED BY CELL PHONE COMPANIES INCLUDE ABUSIVE CLAUSES
     * The Bucharest Court of Appeal Bucharest yesterday ruled that RCS&RDS has abusive clauses in its contracts
     * The ANPC has also won the initial lawsuit against Telekom România
     * Vodafone has lost the case in the court of last instance against the ANPC
       The Courts have decided that some contracts concluded by the telephony companies contain abusive clauses. The Court rulings were rendered last year, as well as in 2016, but the argumentations have been formulated relatively recently.  click here to read the entire article
08.12.2017
     The hope of an accession as quick as possible by Romania to the Eurozone was dealt a heavy blow precisely on the National Day.  click here to read the entire article
06.12.2017
AFTER THE DRAFT HAD BEEN PUBLISHED IN OCTOBER
     * Gheorghe Șimon: "The royalties law will be voted in the Parliament in February next year"
     * Ministry of the Economy: "We will establish royalties which are fair both for the state as well as for the business sector"
     * Daniel Cătălin Zamfir, PNL: "I found out that there are companies that have never, take note, never paid even one leu in royalties to the Romanian state, even though they have been exploiting resources for over 20 years"
     * Last year, the Court of Auditors announced that Romania lost 1.4 billion dollars, because the ANRM established the oil royalties in a flawed manner
       The entire legislative package concerning the regulation of the system for the regulation of the mineral, oil and hydromineral resources will be revised and will be voted in the Parliament in February next year, Economics minister, Gheorghe Șimon, announced yesterday, after the debates of the Economic, Industries and Services Commission of the Senate.  click here to read the entire article
28.11.2017
AFTER THE TRANSACTION BETWEEN BANCA TRANSILVANIA AND BANCPOST
     * Customers with borrowers in CHF from Bancpost are waiting for a conversion program with a discount
       After moving to second spot last year in the domestic banking system, through the acquisition of Volksbank, Banca Transilvania (BT) ends up on equal footing with BCR, taking over Bancpost, from Greek group Eurobank.  click here to read the entire article
27.11.2017
     * MAKE, BURSA: "I want the new CEO of the BSE to participate in the drafting of a new strategy for the development of capital market"
       On Thursday night, "BURSA" received the Award for the promoting of high standards of corporate governance on the capital market, as part of the 2017 Capital Market Awards Gala, organized by the Association of Brokers.  click here to read the entire article
24.11.2017
     * Ciprian Păltineanu and Adrian Tănase, scheduled for meetings with the board
     * Both candidates seem to be closet o the group in the shareholder structure of the BSE
     * George Butunoiu is in charge of recruitment
     * The waiting list may include a few foreigners, including former BRD executive Jacek Panczyk
       According to some market sources, banker Ciprian Păltineanu and Adrian Tănase, Chief Investment Officer at NN Pensii România, will hold interviews in the beginning of next week with the Board of the BSE, after Ludwik Sobolewski's term expired in the summer.  click here to read the entire article
23.11.2017
PATRICIA SUÁREZ RAMÍREZ, THE PRESIDENT OF THE ASSOCIATION OF FINANCIAL CONSUMERS OF SPAIN:
     * The head of the ASUFIN: "The ruling of the Supreme Court of Spain in which the Andriciuc case has been invoked will be part of the Spanish case law and the lower courts will be required to apply the principle that underlies this decision"
       The ruling issued by the Court of Justice of the European Union (CJUE) in the Andriciuc versus Banca Românească case represents a great advantage for Spanish debtors, said Patricia Suarez Ramírez, the president of the Association of Financial Consumers in Spain (ASUFIN), as part of a response recently sent to BURSA.  click here to read the entire article
22.11.2017
     * Dragnea: "Those who are against me are hiding behind institutions"
       The president of the Chamber of Deputies, Liviu Dragnea, leader of the PSD, thinks that his enemies are hiding behind some institutions, "they crucify people", and the real stake is "the blocking of the Laws concerning the Justice system".  click here to read the entire article
21.11.2017
     The Council of the European Union and the European Parliament have sent to the ECB, in the beginning of this year, a request concerning the sending of some proposals to revise the framework for managing crises.  click here to read the entire article
.