Proprietatea closed up 1.22%, at RON0.7895 a share, and contributed RON5.6 million through share transfers and RON4.6 million through a special deal.
Fondul Proprietatea was tendered 710 million shares, or 5.15% of the fund’s stock, by 11:00 am today in response to its offer to buy back 600 million shares. The purchase price was set at 1 leu (EUR0.224) a share, valuing the available stake at RON600 million (EUR134.8 million).
The Bucharest bourse’s BET index added 0.61%, with OMV Petrom (SNP.RO) up 0.98%. Lenders Banca Transilvania (TLV.RO) and BRD (BRD.RO) were both climbing 0.5%.
Composite index BET-C was 0.51% higher and extended blue-chip index BET-XT was up 0.54%.
BET-FI, which tracks Proprietatea and the five regional investment funds (SIFs), gained 0.55%, helped by Proprietatea, SIF Oltenia (SIF5.RO) (0.77%) and SIF Transilvania (SIF3.RO) (0.25%).
Bucharest benchmark index BET-BK closed up 0.25%.
Energy stocks tracker BET-NG added a mere 0.1%. Transgaz (TGN.RO) fell 0.43% and Transelectrica (TEL.RO) was flat on the day. (EUR1=RON4.4484)