Hidroelectrica benefits from Issuer Market Maker services provided by BRK Financial Group starting with March 7th
Hidroelectrica (H2O), leader in electricity production and the main system services provider required in the National Energy System in Romania and the biggest Romanian company listed on the Bucharest Stock Exchange benefits from Issuer Market Maker services provided by BRK Financial Group starting with March 7th.
The specific parameters which are applied to the Issuer Market Maker activity carried out by BRK Financial Group for Hidroelectrica shares are available HERE. The IMM is the participant in BVB’s trading system that has taken on the role of sustaining the liquidity of a financial instrument. Further information regarding the general framework for the IMM Program can be found HERE.
The total number of financial instruments listed on both BVB’s markets benefiting from the Issuer Market Maker services reaches 24: there are 23 instruments on the regulated market and one on the AeRO market.
“By signing the market maker contract with BRK Financial Group, Hidroelectrica is implementing a strategic measure to support stock liquidity and enhance visibility among international investors. This initiative reaffirms the company’s commitment to its shareholders and investors by ensuring adequate market depth and contributing to the development of an efficient and transparent trading environment.”, said Kàroly Borbèly, CEO of Hidroelectrica.
“Since the establishment of the Issuer Market Maker (IMM) program, whose precise purpose is to create premises for improving market liquidity, today, 24 listed companies benefit from this program. We welcome the decision of Hidroelectrica, the largest Romanian company listed on the stock exchange, in terms of market capitalization, to contract IMM services. Taking into account the fact that last year, the company’s share was the second most traded share on the BVB, to which is added the implementation of specific actions to increase liquidity, such as the IMM contract signed with BRK Financial Group, the context is thus created for supporting liquidity and increasing the attractiveness of Hidroelectrica among investors.”, stated Adrian Tanase, CEO of Bucharest Stock Exchange.
“First of all, we congratulate Hidroelectrica for turning to the services of a market maker and we hope that the results of this partnership will become visible as soon as possible, in terms of improving liquidity from all angles (traded volume, number of transactions, market depth, and trading spread). We will display firm buy and sell quotes with a minimum quantity of 11,000 shares at a maximum spread of 2.5%.”, stated Monica Ivan, CEO of BRK Financial Group.
The Hidroelectrica share is the 17th share of a BVB listed company for which BRK Financial Group offers Issuer Market Maker services.
Hidroelectrica debuted on the Bucharest Stock Exchange in July 2023 following the largest IPO ever made on the stock exchange, worth EUR 1.9 billion. In 2023, it was the largest IPO in Europe that year and the 4th in the world. Currently, Hidroelectrica is the largest Romanian company listed on the stock exchange in terms of market capitalization, representing 14% of the total market capitalization. Last year, Hidroelectrica stock was the second most traded stock on the BVB, with investors making transactions with company’s shares worth RON 2.7 billion.
About Hidroelectrica
Hidroelectrica is the main electricity producer in Romania, with an energy portfolio 100% from renewable sources, an installed capacity of 6.3 GW from hydro sources and 108 MW from wind sources, a major player in the hydropower sector in Europe and the main system services provider in Romania, playing an essential role in the security of the National Energy System. At the same time, Hidroelectrica has become one of the most important electricity suppliers for retail customers, occupying the first position among suppliers operating on the competitive market, with a market share of 14%.
About BRK Financial Group
BRK Financial Group was established as a joint stock company on 26 October 1994, being one of the largest brokerage companies in Romania. With extensive experience in the capital market, it has also been the first and, to this day, the only financial investment services company listed on the Bucharest Stock Exchange, premium category (BVB: BRK). BRK Financial Group is a MIFID II investment firm, authorized and supervised by the Financial Supervisory Authority. BRK Financial Group’s main activity is divided into two business segments, namely the brokerage segment and the trading segment. In the trading segment, the company operates proprietary trading, conducts market-making operations and operations with structured products. In the brokerage segment, the company operates client transactions, more specifically corporate operations.
About BVB
BVB is the only securities market operator in Romania. BVB, listed on its own market since 2010, is part of the BVB Group that includes the Central Depository, the institution responsible for the register and settlement operations in Romania, and, since October 2019, the central counterparty, i.e. CCP.RO, an institution that is to take up the clearing of securities transactions in Romania and to contribute to the re-launching of the derivatives market. BVB manages two separate markets, the Regulated Market and the Multilateral Trading System, which lists a variety of financial instruments such as stocks, bonds, fund units, certificates, structured products, and preferential rights. The efforts of the BVB and of its stakeholders to modernize and develop the capital market in Romania have also been acknowledged by the country’s promotion to the Emerging Market status in 2020, by Russel, the global FTSE index provider. A number of 14 Romanian companies are currently included in the FTSE Russell indices for emerging markets. Further information can be found on www.bvb.ro.
10.03.2025 / Editor, Andreea Dragan
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