The merger plan between BVB and SIBEX seeks approval from the BVB Extraordinary General Meeting of Shareholders
The Bucharest Stock Exchange (BVB) Board of Governors will convene an Extraordinary General Meeting of Shareholders on 13 April, having on the agenda the approval of the merger by absorption of the Bucharest Stock Exchange SA (as absorbing company) and Sibex - Sibiu Stock Exchange (as the absorbed company).
According to the merger plan, the transaction implies the dissolution without liquidation of SIBEX and the universal transfer of SIBEX assets to BVB in exchange for awarding SIBEX shareholders newly issued shares of the company. As a result, the share capital of the Bucharest Stock Exchange will increase accordingly by issuing a maximum of 401,401 new nominative ordinary dematerialized shares with each share having a nominal value of RON 10.
BVB will become the single market and system operator in Romania able to manage a regulated spot market and an alternative trading system. The merger is supposed to contribute to the consolidation of the local capital market.
Irina Savastre
Head of GSS Romania
Andreea Albu
Relationship Manager GSS Romania