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SIFs post losses worth €350 mln in November

Publicat la 19.12.2007, 22:00:00

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SIFs post losses worth €350 mln in November
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The company with the highest liquidity on the Bucharest Stock Exchange (BVB), SIF Oltenia, posted the highest losses, at €80.6 mln, according to BVB reports. "Our means to diminish losses in such a situation are scarce," according to a member in SIF Oltenia’s Board of Directors, Teodor Buzatu.

SIF Oltenia’s assets were worth some €799 mln at the end of November.
Assets of SIF Transilvania dropped 8.2 percent, or €71 mln, last month, while SIF Muntenia lost €77 mln, or 10.9 percent of its net assets.

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