As far as ZF can tell from brokers’ platforms, this is the largest DEALS transaction with Fondul Proprietatea shares since the fund’s listing on the Bucharest Stock Exchange, i.e. 2011. The stake accounts for a little more than 2.8% in the fund.
The buyers and sellers have not been announced yet, but the usual suspects would be the Pillar II pension funds, given their significant stake of 30% and US Silver Point funds, which own 8.8% in the voting rights.
Fondul Proprietatea ended the first nine months of 2022 with RON3.5 billion net profit, 13.3% higher than in the year-ago period, according to ZF’s calculations based on the data in its financial report published on the Bucharest Stock Exchange.
(English version by Loredana Fratila-Cristescu)