share capital

Romania's Sovereign Fund for Development and Investments (FSDI) will have a share capital of RON19.11 billion, according to a draft government decision published Friday.

The managers of Romanian maritime transport company CNM Petromin Constanta (CNMP.RO) proposed the shareholders to reduce the firm’s share capital, in order to cover the losses, or even to dissolve it.

The majority shareholder of Michelin Romania, Compagnie Financiere Michelin, part of French tire maker Michelin Group, might hike the share capital of the Romanian company by 510 million lei (EUR1=RON4.2618) to around RON950 million, by cash contribution.

Romania's Government raised the share capital of state-owned lender CEC Bank by 230 million lei (EUR1=RON4.2012), at RON949.28 million, through recapitalizing part of the profit registered in 2008, following an order of the Finance minister Gheorghe Pogea.

Romania’s brokerage company SSIF Broker (BRK.RO) management proposed a reduction of the company’s share capital by 72.2 million lei (EUR1= RON4.2348), at RON72.5 million, to cover the loss registered in 2008.

Romania’s brokerage company SSIF Broker (BRK.RO) management proposed a reduction of the company’s share capital by 72.2 million lei (EUR1= RON4.2348), at RON72.5 million, to cover the loss registered in 2008.