The Romanian company that entered the top of the most valuable corporations in the EU. Many Romanians use its services

Visual Capitalist has mapped the most valuable corporations in 11 major European Union economies, based on their market capitalizations as of April 15, 2024.

Pharmaceutical giant Novo Nordisk, which first launched the controversial diabetes and diet drug Ozempic, leads the ranking by a margin, followed by luxury department store chain LVMH and superconductor maker ASML.

Romania is in the ranking after the listing on the Bucharest Stock Exchange of Hidroelectrica.

Novo Nordisk is currently valued at over $550 billion, making it the most valuable company in Europe by a considerable margin. The pharmaceutical giant specializes in diabetes and weight loss drugs. Demand for two of these, Ozempic and Wegovy, has grown amid proven qualities especially in slimming belts, even causing nationwide shortages in the United States, reports Visual Capitalist, according to ziare.com.

Luxury supergiant LVMH – which owns brands such as Tiffany, Christian Dior and TAG Heuer – is Europe’s second largest company by market capitalization, valued at $420 billion.

Rounding out the top three companies is Dutch company ASML, which makes critical equipment for chipmakers and is considered a major player in the semiconductor industry, valued at $380 billion.

Hidroelectrica, in the top of the most valuable European companies

Romania appears in the Visual Capitalist ranking in the 15th place of the ranking, with Hidroelectrica, the company with state capital that had its initial public offering on the Bucharest Stock Exchange (BVB) last year.

The main provider of technological services needed in the National Energy System in Romania last year became the highest initial public offering on the capital market in Europe and the third largest in the world, amounting to approximately 2 billion euros, with a market capitalization which jumped by 40 billion euros.