Market News


Approval of the merger between BVB and Sibex by the Bucharest Court

Release Date: 12/15/2017 6:35:10 PM

IRIS Code: 0FF2D

No. 8395/December 15, 2017

To:       Financial Supervisory Authority

            Financial Instruments and Investments Sector

            Fax: 021- 659.60.51


            Bucharest Stock Exchange – Regulated market

            Fax: 021- 256.92.76

From:   Bursa de Valori Bucuresti S.A. (Bucharest Stock Exchange)



According to C.N.V.M. Regulation no. 1/2006 on issuers and operations with securities and Law no. 24/2017 on issuers of financial instruments and market operations


Report date: December 15, 2017

Name of the issuing company: BURSA DE VALORI BUCURESTI S.A.

Registered office: 34-36 Carol I Blvd, 13-14 floors, district 2, Bucharest

Phone/fax number: + 4 021/307.95.00, + 4 021/307.95.19

Sole Registration Code with the Trade Register Office: 17777754 

Order Number in the Trade Register: J40/12328/2005

Share capital: RON 76,741,980

Regulated market on which the issued securities are traded: Bucharest Stock Exchange – Premium Shares Tier (market symbol: BVB)


Important events to be reported: Approval of the Merger by absorption between BVB and Sibex by the Bucharest Court 


Bursa de Valori Bucuresti S.A. (hereinafter referred to as “BVB”) hereby informs that, on December 14, 2017, the Bucharest Court- 6th Civil Section admitted the request on the merger by absorption between BVB as absorbing company and Sibex – Sibiu Stock Exchange S.A. (“Sibex”) as absorbed company, and disposed the registration at the Trade Registry of the mentions regarding the merger. This approval allows thus for the two companies to complete in the next period all procedural and operational steps needed for implementing the merger.


According to the Merger Project approved by the Extraordinary General Meetings of Shareholders of BVB, respectively of Sibex, of April 12, 2017 and respectively, April 20, 2017, the implementation date of the merger (the date on which the merger will take effect) is established as the first day of the calendar month following the calendar month in which the competent court approves the merger. In this respect, the merger implementation date is January 1, 2018.


Following the merger, Sibex, as absorbed company, will be cleared from the Trade Registry Office records, as well as from any other registers, as a result of the dissolution without entering into liquidation and the taking over of the whole patrimony by BVB.


Marius-Alin Barbu



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