Alro enters the BET index of the Bucharest Stock Exchange; it reaches 16 companies

By Jerom Bolt
The Bucharest Stock Exchange extends from 15 to 16 the number of companies that will be part of the BET and BET-TR indices, as of March 18 will be included in these indices and Alro, according to a press release posted on the BSE website.
‘The Interim Commission approved the inclusion of Alro (ALR) in the main index of the market, BET, and in the BET-TR, in the March 4 meeting, which also includes dividends from BET companies. It is for the first time in the history of the local capital market when these indices will include 16 companies, which means an unprecedented diversification of the sectors represented, and Alro thus becomes the first aluminum company present in the two indices. The amendments will be applied starting March 18, “the communiqué said.
Alro shares were first listed on the BVB on October 16, 1997. At present, the company has a capitalization of approximately 1.67 billion lei, equivalent to 352 million euros.
Alro is a subsidiary of Vimetco N.V., a global primary and processed aluminum company, vertically integrated. Alro is one of the largest vertically integrated aluminum producers in Europe, with capacity, with an installed production capacity of 265,000 tpa. The main markets for the company’s products are European Union countries, but the company also exports to the US and Asia.
The BET (Bucharest Exchange Trading Index) is the first index developed by BSE and is the benchmark of the local capital market. Set up on September 19, 1997, BET has had a maximum of 10 companies for nearly two decades.
In March 2017, it was extended to 12 companies by including Conpet and MedLife. Conpet’s main activity is the pipeline and rail transport of domestic and imported petroleum, gasoline, condensate and liquid gas to the refineries in Romania, while MedLife is the largest private health service operator in Romania. In mid-2017, BET was expanded to 13 companies, with DIGI Communications NV, a major provider of telecommunications services in Romania and Hungary.
In September 2018, two other companies were included in the BET and BET-TR. This is the Sphera Franchise Group (SFG), one of the most important food service operators in Romania, and Purcari Wineries (WINE), the leading wine producer in Central and Eastern Europe.
Alro, Banca Transilvania, BRD – Groupe Societe Generale, Bucharest Stock Exchange, Conpet, DIGI Communications NV, Electrica, Fondul Proprietatea, MedLife, OMV Petrom, Nuclearelectrica, Purcari Wineries, Romgaz, Sphera Franchise Group, Transgaz, Transelectrica.
The Bucharest Stock Exchange manages equity, bond and other financial instruments markets through regulated platforms or alternative trading systems and provides a wide range of services to financial market participants.
BVB is a listed company on its own market from 2010.