The sale was negotiated at around 12:12 local time at a price of RON0.585 a share, similar to the fund’s most recent market price.
Fondul Proprietatea was set up in 2005 to compensate Romanians whose properties were seized during communism.
The fund has a share capital of RON13.77 billion, split into 13.77 billion shares with a face value of RON1.
On April 9, foreign investors held 55.24% of the fund’s shares, while residents had 40.36%. (EUR1=RON4.4078)