Bid specialists on top

The mandatory public takeover bids in Q1 this year have turned ING Bank’s brokerage firm, ING Securities into the number one broker on both the Stock Exchange and RASDAQ. The transactions carried out by this company on the Stock Exchange amounted to 1,000bn ROL ($30 million), with most of them part of the mandatory public takeover bid put out by Renault for Dacia shares. The French last month bought $13.3 million’s worth in Dacia shares through ING Securities. The company also brokered the takeover bid put out by French group Lafarge for Romanian cement producer Romcim Bucharest on RASDAQ. Seven million dollars’ worth in shares changed hands back then. Kreyton’s bid for Astra Refinery, which saw $4 million in shares transferred, pushed European Securities up to the third place among brokers, with nearly $9 million’s worth in transfers. On the other hand, BRD Securities maintained its upward trend in terms of traded value on the Stock Exchange this March, even though the market was not that liquid. SIVM Broker, BT Securities (formerly known as Transilvania Capital Invest) and Vanguard kept their top positions among brokerage firms. ZF