Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Austria's Verbund"


2 mentions found


BUCHAREST, July 5 (Reuters) - Romanian energy producer Hidroelectrica's IPO has been priced at 104 lei ($22.87) per share, it said on Wednesday, implying a market capitalisation of $10.3 billion in what a government minister described as a "historic success." "We are happy to see the strong investor interest which has driven a successful outcome," said Chief Executive Bogdan Badea. The stock will start trading on July 12 on the Bucharest bourse. The government will retain its 80% holding in the country's largest energy producer, which has power capacity of 6.3 gigawatts from 182 hydroelectric plants. The performance of the shares once they start trading will be watched closely.
Persons: Bogdan Badea, Fondul Proprietatea, Franklin Templeton, Sebastian Burduja, Austria's Verbund, Luiza Ilie, Pablo Mayo, Alexandra Schwarz, David Goodman Organizations: Bucharest bourse, U.S, EU, Bucharest Stock Exchange, Romanian Energy, CAB Payments, Bankers, Vienna Stock Exchange, Pablo Mayo Cerqueiro, Thomson Locations: BUCHAREST, Romanian, Bucharest, London
The pan-European STOXX 600 index (.STOXX) rose 0.9%, with basic resources stocks (.SXPP) up 1.2% after falling more than 3% in the last two sessions. The European Central Bank gears up to start the biggest withdrawal of cash from the euro zone's banking system in its history, with banks expected to repay about 500 bln euros in TLTRO loans. The STOXX 600 has gained about 4.9% so far this month, driven by better-than-feared earnings and expectations of smaller rate increases by the Fed. Among individual stocks, Austrian hydropower producer Verbund (VERB.VI) jumped 8.2% to top the STOXX 600, while energy and environmental services provider EVN (EVNV.VI) gained 5.2%. Reporting by Shreyashi Sanyal in Bengaluru; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.
Total: 2