What Lies Behind The Exit Of Bucharest Stock Market's Largest Foreign Investor

10.05.2012 By Andrei Chirileasa

Why aren’t OMV Petrom’s (SNP.RO) shares rising, while the company posts record-high profits? Why have BRD’s (BRD.RO) shares fallen so much, while the shares of other banks rose? The explanation is simple: US-held Artio is liquidating its portfolio. Like a whale struggling to get out of a pond, Artio’s move has left the Bucharest stock exchange gasping for air.

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Keywords:
artio
, brokerage
, stock exchange

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