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January 21, 2022

Targu-Mures businessman becomes biggest shareholder in BVB

Mircea-Nicolae Musgociu, a businessman from the town of Targu-Mures, has reached a stake of 3.6092 pc in the Romanian market operator, thus becoming the biggest shareholder in the Bucharest Stock Exchange (BVB), Mediafax announces. His stake was reported on the internet site of the exchange, but BVB did not elaborate on how Musgociu achieved his stake of 3.6 pc, meaning 276,978 shares. Musgociu is aged 46, deals in plastic items, and controls the Sedcom Librarii Mures bookshop company.

In September 2008, he also held 5.25 pc of the units issued by the closed investment fund STK Emergent (STK). Starting last November, BVB shares are traded without the pre-emption right of the other BVB stockholders, so that anybody may buy the shares of the market operator. Until that moment, BVB stock offers were published on the institution’s internet site, while after November the announcements are no longer public. The second-largest shareholder in BVB is the brokerage firm Romcapital Timisoara, with a 3.05 pc stake. BVB has 306 stockholders, with the most important of them being broker companies. The Stock Exchange has a capital of RON 76.7 M, split into 7.6 million shares with the face value of RON 10.

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