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BUCHAREST (Romania), December 14 (SeeNews) - Romanian IT group Bittnet Systems [BSE:BNET] said that it has signed an agreement to acquire a 74% stake in Gl

Liquidity-fueled IPO markets break records in Q1 2021. Q1 2021 global IPO volumes rose 85 pct. year-on-year Aurel Constantin 06/05/2021 | 15:20 Attractive market conditions in 2021 so far have resulted in the best-performing first quarter by deal numbers and proceeds in the last 20 years. While Q1 is traditionally a slow quarter, this heightened activity bucks that trend. Just as traditional IPO markets have been highly active, the special purpose acquisition company (SPAC) IPOs in Q1 have also been breaking records, completing more deals and raising more in proceeds...

“For 2021 we see a spectacular start of the year, probably the best in Bucharest Stock Exchange’s history, and we expect this trend to continue. We want to increase the representativeness of the local capital market, targeting a market capitalization of all the companies listed on BVB of at least 30% of GDP (from the current level of 15%). We believe that this goal is achievable over the next decade,” Radu Hanga, president of the Bucharest Stock Exchange (BVB) told The Diplomat-Bucharest. “Cooperation with the authorities is very important for us, and during this period we...

Romania's Bittnet to buy 35% of Czech IT co Servodata for 1.4 mln euro Mar 02, 2021 11:08 EEST BUCHAREST (Romania), March 2 (SeeNews) - Romanian IT group Bittnet Systems [BSE:BNET] said that it plans to acquire a 35% stake in Czech IT company Servodata for an estimated 1.4 million euro ($1.7 million). The transaction will be subject to approval at the general meeting of shareholders from both Bittnet and Servodata and is subject to the successful completion of the due diligence process, Bittnet said in a statement filed with the Bucharest Stock Exchange, BVB on Monday. Bittnet's shareholder m...

Romania's Dendrio signs 5.7 mln euro deal with defence min to supply IT&C equipment Source: Dendrio solutions BUCHAREST (Romania), January 20 (SeeNews) - Romanian IT group Bittnet Systems [BSE:BNET] said that its member company Dendrio Solutions has signed a 22.76 million lei ($5.66 million/ 5.67 million euro) framework agreement with the ministry of defence to provide IT&C equipment. The contract is valid until January 19, 2024,  Bittnet Systems said in a statement filed with the Bucharest Stock Exchange, BVB, on Tuesday. There is no obligation for the client to reach th...