BUSINESS

BVB, SIBEX to resume merger process

Representatives of the Bucharest Stock Exchange (BVB) and of the Sibiu Monetary, Financial and Commodities Exchange (SIBEX) met Saturday at Predeal over resuming the merger process, in a move to consolidate the market and to reduce its current fragmentation, Mediafax reports. The meeting was attended by the top management of CNVM, FIC representatives, members of the BVB and SIBEX boards, and the executive management of the two exchanges. “Participants in the roundtable made an analysis of the evolution and prospects of the two exchange institutions, with the purpose of identifying solutions to increase their attractiveness and investors’ confidence in the capital market, and sought options to make them more efficient. (…) Participants spoke in favour of resuming the merger process, as they prefer a consolidated market instead of a fragmented one,” reads a joint press release of BVB and SIBEX.

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