FINTEL ENERGIJA News Before the Bell: First time after 80 years on the BSE

Before the Bell: First time after 80 years on the BSE

20/11/2018 - After so many years, we also have the opportunity to present such a title as other world business portals that announce the beginning of the trading on the stock market.

Namely, today, after 80 years, a bell rang on the Belgrade Stock Exchange announcing the start of the trading in shares of Fintel Energija.

Today, after more than 80 years, the opening bell is rung on the Belgrade Stock Exchange symbolically marking the beginning of trading in shares of Fintel Energija a.d. The Director of the Belgrade Stock Exchange Siniša Krneta, and the Director of Fintel Energija, Ticiano Giovannetti, jointly hit the bell. The initial price of the share was 500 dinars.

Krneta said that the Belgrade Stock Exchange was founded in 1894 two years before the Dow Jones Index was established as perhaps the most recognizable performance of the stock markets and the capital market globally. He also added that at the time of the establishment it was one of the most significant stock markets in this part of the world.

"Our market, economy and the entire society took nearly 80 years to witness a new market birth, a new public company that does not come out on the stock market due to the force of law, but because of its indespensable, ambitious vision of playing the market match and winning it. That is why this is a special day for us" Krneta said.

He added that Belgrade Stock Exchange's ambition is to become again the meeting place of the best domestic companies that need capital to finance growth and development.

"We want the owners of the best Serbian companies to get closer to the opportunities to get capital in a way that will not stifle the blades of their competitiveness," Krneteta said. Stating that Fintel Energija is a pioneer in the energy production from winds in Serbia, the Director of Fintel Energija, Tizianano Giovannetti said that there are insurance companies, pension funds and several hundred individuals among buyers of shares, as well as that he is expecting that institutional investors will also be interested in purchasing.

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