The Bucharest Stock Exchange is in the process of bringing to Bucharest the shares of German carmaker Daimler AG, the manufacturer of Mercedes cars, more specifically to the international section of the alternative trading system CAN-ATS, a market specially created for the listing of big international companies.
According to sources from the capital market, the Erste group will bring Daimler shares to the Romanian stock exchange through the brokerage division of the BCR. This is the first floatation of a major international company on the Bucharest market and comes at a time when the listing of state companies is dragging on and brokers are unable to persuade Romanian private companies to join the market.
Daimler is one of the biggest German companies, with an over 50 billion-euro capitalisation, which compares with a 22.6 billion-euro capitalisation of all companies listed on the Romanian stock exchange. The issuer's approval is not necessary for CAN-ATS listing.
Daimler shares will be quoted in RON, which will enable pension funds and smaller investors to buy international shares in RON, without being subject to currency exposure and without resorting to the services of foreign brokerage firms. BCR will be a supplier of cash for Daimler shares, and will constantly offer sell and buy quotes for investors wishing to buy or sell. Neither representatives of the BCR nor of the Stock Exchange were willing to provide comment.
The Bucharest Stock Exchange is in the process of bringing to Bucharest the shares of German carmaker Daimler AG, the manufacturer of Mercedes cars, more specifically to the international section of the alternative trading system CAN-ATS, a market specially created for the listing of big international companies.
According to sources from the capital market, the Erste group will bring Daimler shares to the R
