The shares were sold at a price of RON0.811 per unit, 0.67% lower than the record high of RON0.8165/unit registered by Proprietatea Thursday.
U.S. hedging fund Elliott Associates is the largest shareholder of Proprietatea, with an 18% stake. U.S. bank Morgan Stanley controls a little over 5% of the fund’s shares.
Fondul Proprietatea was set up in 2005 to compensate Romanians whose properties were seized during communism. It was listed in Bucharest in January 2011.
Proprietatea close down 0.56% Thursday, at RON0.805 a share. (EUR1=RON4.4331)