* Ursache proposes the amendment of the holding limit for shareholders at the SIFs and stock exchanges
* Opinions between the SIFs are divided
* Sobolewski: "A positive change"
The vice-president of the ASF, Mircea Ursache said he would propose to the Parliament the hiking of the holding limit for the stock exchange to 32.99%, up from its current level of 5%.
Mr. Ursache made this clarification for "BURSA", the information appeared in the media that his proposal was to raise the holding limit to 33%.
At the moment that Mircea Ursache spoke about a holding limit of 33% on the stock market, nobody reacted to say that there is a difference between 33% and 32.99%. According to the law of the stock market, the shareholders that reach 33% of the capital of an issuer are required to perform a takeover bid, to acquire the remaining shares. Therefore, a threshold of 33% would be nonsensical, according to the current terms of the law.
Market sources told us that the talks about the holding limits for the SIFs and the stock exchanges have intensified and several possible options were used.
Mircea Ursache said yesterday that he is proposing the amendment of the holding limit for the market operator and the SIFs.
* Sobolewski: "A chance for the concentration of the shareholder structure"
The CEO of the Bucharest Stock Exchange, Ludwik Sobolewski, considers that the hiking of the holding limit on the Bucharest Stock Exchange represents a positive change. He told us: "This will create a chance for the concentration of the shareholder structure, which should support the very ambitious strategy for the stock market, represented by the BSE".
At the SIFs, the opinions on the possibility of the raise of the holding limit are divided.
Costel Ceocea, the CEO of SIF2 Moldova, told us that he was not surprised by the proposa
