Romanian Capital Day in Warsaw. Nine BVB-listed companies display their investment opportunities to international investors

9/17/2018

  • PKO BP Securities, part of the largest Polish bank and leading broker in Poland, and Bucharest Stock Exchange (BVB) organized on September 13, 2018, the Romanian Capital Day in Warsaw.
  • During the event, the Romanian companies had 54 meetings with institutional investors representing EUR 94 bn assets under management. 

 

PKO BP Securities, part of the largest Polish bank and leading broker in Poland, and Bucharest Stock Exchange (BVB) organized on September 13, 2018, the Romanian Capital Day in Warsaw. The event offered a unique opportunity to meet top Romanian companies listed on the Bucharest Stock Exchange on a one-on-one basis. This conference is a perfect platform to facilitate business relations between Romanian listed companies and large Polish and regional investor base.

Following the increasing interest for Romania in recent years, BVB decided to organize the first dedicated Romania investors’ day in Warsaw, where nine Romanian companies presented their investment opportunities to international investors. The list of the companies includes: Banca Transilvania, DIGI Communications, Electrica, Fondul Proprietatea, Nuclearelectrica, Purcari Wineries, Sphera Franchise Group, Transelectrica and Bucharest Stock Exchange. During the event, the Romanian companies had 54 meetings with institutional investors representing EUR 94 bn assets under management.

Filip Paszke, Head of PKO BP Securities: „Romanian Capital Day is a one-of-a-kind chance for Polish investors to meet top Romanian companies listed on the Bucharest Stock Exchange. For the last years, the Romanian capital market undertook a deep reform for improving infrastructure and legislation, and for easing investors’ access to the market and facilitating new corporate IPOs. As a part of the largest Polish bank, PKO BP Securities leading broker in Poland wants to show new opportunities and build business relations between Romanian companies and Polish investors.”

Lucian Anghel, Chairman of BVB: “The Romanian capital market has achieved enormous progress in recent years in terms of new listings, whether we are talking about IPOs or new issues of bonds. We have developed the market infrastructure to meet sophisticated demands from international clients. Obviously, we have got that far due the permanent feedback we got from stakeholders and investors, both domestic and foreign, so we will continue our roadshows and investors’ events in order to develop and promote Bucharest as a must-be destination for international capital.”

In less than two years, 6 companies listed their shares on BVB: MedLife (December 2016), DIGI Communications (May 2017), AAGES (June 2017), Transilvania Broker de Asigurare (November 2017), Sphera Franchise Group (November 2017) and Purcari Wineries (February 2018).

Romanian capital market recorded one of the highest dividend yields in the world in 2016 and 2017, and 2018 seems to provide a very similar backdrop. BET Total Return (BET-TR) index, which includes the dividends granted by the blue chips listed on BVB, has increased by more than 15% in local currency in the first 8 months of 2018, one of the biggest growth among all 24 MSCI Frontier Markets Index countries.

***

PKO BP Securities is the leader on the capital market in Poland, both on the secondary markets for shares and bonds and in terms of transactions on the primary market. In the first half of 2018, the Brokerage House’s (DM) turnover amounted to over PLN 17 billion, which represented 8% of the market turnover and made the DM the second largest brokerage house in the ranking. As regards trading in bonds, DM accounts for nearly half of the market trading, which translates into the leading position. More on PKO BP Securities at http://www.dm.pkobp.pl/.

Bucharest Stock Exchange (BVB) is connecting companies with institutional and retail investors by providing financing and investment opportunities. BVB is building a competitive capital market in Central-Eastern Europe. BVB will continue to offer its support to the successful closing of public offers of state-owned companies, list new private companies and increase the number of active investors. Our key objectives are to transpose international best practices into the local market and to upgrade Romania to Emerging Markets status. In September 2016 the Romanian capital market was placed onto the watchlist of countries that have substantial potential to be upgraded to the Emerging Markets status by FTSE Russel. In Romania’s case the upgrade will depend on the progress the market makes in  regard to market liquidity and the presence in the market of large companies with significant individual liquidity. More on BVB at www.bvb.ro.