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Suspension on SIF Transilvania stock to be lifted as of 4th of July

Publicat la 02.07.2008, 11:34:00

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Suspension on SIF Transilvania stock to be lifted as of 4th of July
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One of the companies in which SIF Transilvania owns shares, Cocor Bucuresti, has appealed the increase in court, after which the National Securities Commission (CNVM) suspended shares from trading. The Supreme Court issued a final ruling in favor of SIF Transilvania in the trial initiated by Cocor Bucuresti. However, further litigation exists in regarding the capital increase, which is not yet finalized.

The 500 million SIF Transilvania shares are worth more than €200 million.

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