- The shares of Electrica SA (EL) will be included in the FTSE Global All Cap indices.
- Romania will thus have, from March 2024, 15 companies included in the FTSE Russell indices dedicated to emerging markets.
The shares of Electrica SA (EL), a Romanian energy company listed on the Bucharest Stock Exchange, will be included in the FTSE Russell indices dedicated to emerging markets starting from March 18, 2024. Electrica’s shares will enter the FTSE Global All Cap indices as a Mid Cap, as announced by the global indices provider on February 27, following its quarterly indices review.
Thus, Romania will have, starting with March 18, 15 companies included in the FTSE Russell indices dedicated to emerging markets (8 in the FTSE Global All Cap and 7 in the FTSE Global Micro Cap Indices).
“FTSE Russell's recognition of Electrica underscores our resilience and strategic positioning in the market and represents an important reconfirmation of the effectiveness of the chosen development strategy and of our action plans. The inclusion in the FTSE Russell indices opens the way to a much wider investment universe. This year, in which we celebrate 10 years since the admission to trading on the Bucharest Stock Exchange, we aim to continue to ensure further a high level of transparency in investor relations, to strengthen the confidence of our current investors and to attract new ones”, declared Alexandru Chirita, Electrica CEO.
“The inclusion of Electrica in the FTSE Russell indices dedicated to Emerging Markets strengthens Romania’s position in the indices structure of FTSE Russell, a global indices provider, with a company of strategic importance for our country’s economy. At the same time, this inclusion publicly recognizes the success of Electrica’s sustained initiatives to improve its liquidity and deserves our congratulations for this success”, said Adrian Tanase, Bucharest Stock Exchange CEO.
Electrica, a Romanian company in the field of energy with private ownership majority, has been listed on the BVB since July 2014, following the largest initial public offering (IPO) in the history of the stock exchange at that time, of EUR 444 million, being the only privatization through the stock exchange with a majority stake.
Romania is represented also by the shares of seven other companies in the FTSE Global All Cap indices, namely Banca Transilvania (TLV), Hidroelectrica (H2O), MedLife (M), Nuclearelectrica (SNN), OMV Petrom (SNP), One United Properties (ONE) and Teraplast (TRP). Starting with March 18, Electrica (EL) will join as well.
At the same time, starting with March 18, in the FTSE Global Micro Cap indices there will be included also the shares of seven Romanian companies: Aquila (AQ), Arobs Transilvania Software (AROBS), Bittnet Systems (BNET), Bursa de Valori Bucuresti (BVB), Conpet (COTE), Purcari Wineries (WINE) and Sphera Franchise Group (SFG).
The upgrade of Romania by FTSE Russell among the Emerging Markets from September 2020 opened the way for the capital market to a much wider investment universe, and following the increase in the number of investors, also the demand for Romanian assets is greater, which translates also into a better valuation for the listed companies and thus an increase in the local market capitalization.