The National Company Bucharest Airports (CNAB) will not proceed with plans to list on the Bucharest Stock Exchange, according to a decision made in the shareholders' meeting. The shareholders of CNAB are the Ministry of Transport, with 80% of the shares, and the Property Fund, with 20%. Although Franklin Templeton, the administrator of the Property Fund, expressed support for the listing, considering it an opportunity for the development of the Romanian capital market, the shareholders decided otherwise. Prime Minister Ilie Bolojan confirmed the intention to list state companies, including CNAB, to increase transparency in operations. CNAB, which manages Henri Coandă International Airport and Băneasa International Airport, reported a 20% increase in business in 2024, reaching 1.383 billion lei, and a net profit of 608.827 million lei. Passenger air transport increased by 7.9% in the first half of the year, with the most flights operated at the airports in Bucharest, Cluj, and Iași.
Sources
Latest News
12:09
Europol uses the theft of the Helmet from Coșofenești as an example of the new violent robberies in European museums.
12:06
The National Bank of Romania has launched a silver coin dedicated to the painter Nicolae Tonitza, part of the series "Romanian Painters"
12:04
The far-right AfD party proposes Germany's withdrawal from the eurozone and Schengen and stricter rules for migrants.
11:52
Nicuşor Dan reaffirms Romania's support for Kiev, on Ukraine's Independence Day
11:39
Norway announces that it will continue the exploitation of oil and gas resources in the Barents Sea, regardless of the EU's position.
See more news