BSE sees record foreign investments

Foreign investors spent 18.3 million dollars on the Stock Exchange last month, more than last year’s total. This record-high was mainly due to the two public offers run by foreign investors. In March, foreigners bought shares worth $2.1m from the Bourse and sold stocks worth $2.8 million. French group Renault bought shares worth $13.3 million from the small stockholders, as part of the compulsory takeover offer aimed to delist Dacia. The stake accounts for 5.2% in carmaker Dacia, which pushed Renault’s stake up to 97.9%. Kreyton Limited, a company registered in the Virgin Islands, last month bought 23.4% in Ploiesti-based Astra Refinery for 4 million dollars. ZF