Biofarm and Socep move to BSE

The listing committee of the Bucharest Stock Exchange (BSE) on Tuesday endorsed the listing of drugmaker Biofarm Bucharest and of harbour operator Socep Constanta, which are now trading on the RASDAQ. The shareholders of the two companies approved the listing on the BSE a while ago, in order to boost the visibility of the shares on the market. Following the merger between the BSE and RASDAQ, the new regulated market should see the companies from RASDAQ that meet the listing requirements admitted to join the other companies on the Bucharest Stock Exchange, upon request. The other companies should be traded on an alternative trading system, a market that will provide less protection for minority shareholders. The committee will discuss the listing of Mecanica Ceahlau, another company listed on the RASDAQ, during its next meeting. ZF