Tuesday, October 26, 2010

Romania and it's billionaires

The nine richest Romanian businessmen on the Stock Exchange have a fortune put at over half a billion euros on the Romanian market in more than 60 listed companies. Their fortune accounts for just 4,2% of the Stock Exchange capitalisation, which stands at 13 billion euros. However, none of them came to the Stock Exchange willingly, but took over companies that had already been listed, especially on the RASDAQ market, where companies were privatised via MEBO (Management and Employee Buyouts) over 10 years ago.

The nine billionaires are as follows: Cătălin Chelu (14 companies - 126 million RON), Cristescu brothers (8 companies - 648 million RON), Ştefan Vuza (7 companies - 281 million RON), Ilie Carabulea (6 companies - 267 million RON), Gheorghe Călburean (5 companies - 337 million RON), Ovidiu Tender (5 companies - 228 million RON), Constantin Boromiz (5 companies - 110 million RON), Cristian Burci (4 companies worth 80.4 million RON), Dan Adamescu (2 companies worth 295 million RON).

NOTE: 1 RON = 4.2 EURO

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