March 29, 2017 / 9:30 AM / 8 months ago

BRIEF-Bucharest bourse could be upgraded by FTSE Russell this year -CEO

March 29 (Reuters) - Bucharest Stock Exchange Chief Executive Ludwik Sobolewski tells Reuters in an interview on sidelines of World Exchange Congress:

* “Reasonable grounds to assume” that bourse could be upgraded to secondary emerging market this year by FTSE Russell

* Bucharest bourse not on watch list of MSCI yet, we are in dialogue with them

* A large private company is planning an IPO worth several hundred million euros in the near future

* This private company to announce intention to float “very soon”

* Private company planning IPO not involved in utilities or oil and gas sector but in a “lighter industry,” declines to name it

* State-owned power company Hidroelectrica could be floated this year

* Hidroelectrica and unspecified private company planning IPO would lift number of major shares on Bucharest exchange to five

* After Hidroelectrica, next companies to be listed could be Airport of Bucharest and Port of Constanta, but not this year (Reporting by Gergely Szakacs and Krisztina Than)

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