site.btaBulgarian Companies to Be Able to Trade Simultaneously in Bulgaria, Germany

Bulgarian companies will be able to trade simultaneously in Bulgaria and Germany, the Bulgarian Stock Exchange (BSE) said on Thursday. The BSE has created a new segment called EuroBridge in cooperation with Germany's Deutsche Börse through which interested companies can be listed and seek capital on both the Bulgarian and German stock exchanges simultaneously, taking advantage of access to global investors.

On Thursday, BSE organised the first ever Investor Day at the Inter Expo Centre in Sofia. The event was attended by representatives of large business in Bulgaria, investment intermediaries, pension companies, investors, banks, and financial analysts.

Over 40 Bulgarian public and non-public companies took part in Investor Day. Some of the companies also participated in over 65 individual meetings with potential investors where they presented their business plans, development strategies and answered questions about their business models and growth prospects.

BSE’s new segment, EuroBridge, was also presented. It is like a "fast track" for companies that want to be traded on the Bulgarian and German markets. Representatives of Deutche Börse, the international securities depository Clearstream, Baader Bank (a key investment bank in Germany), and Shelly Group (the first Bulgarian company to be listed on the Frankfurt Stock Exchange) shared details of the pre-arrangement process, the necessary requirements and the trading process that each interested company must fulfil in order to be able to expand its business model and attract more investors.

BSE CEO Manyu Moravenov said that now more Bulgarian companies will have the opportunity to seek more capital. The newest EuroBridge dual-listing segment will open doors to global investors for large Bulgarian companies that find the Bulgarian market thin. This is a key moment in BSE’s development, he explained.