Proprietatea said it sold its entire stake in the company in a private offering, for a total 303.51 million lei (EUR68.2 million). The shares were sold at RON172 per unit, down from Wednesday’s closing price of RON177.9.
Transgaz closed Thursday at RON184 a share, after trades totaling RON12.66 million. On the other hand, Fondul Proprietatea dropped 0.36%, at RON0.832 a share, following an overall traded value of almost RON17 million.
Transgaz and BRD-Groupe Societe Generale (BRD.RO), which gained 1%, drove the BET index up 11.47 points, or 0.18%, to 6,272.47. Composite index BET-C ended up 8.31 points, or 0.26%, to 3,264.14, while investment fund tracker BET-FI added 78.6 points, or 0.26%, to 30,107.41.
Bucharest benchmark index BET-BK was up 0.14%, while BET-XT closed 0.19% higher.
Transgaz was a major boost for energy sector index BET-NG, which ended up 1.45%.
The bourse’s traded value jumped to RON365 million (EUR82 million) following the Transgaz deal. Excluding the Transgaz stake, investors traded shares worth of RON62.2 million (EUR13.9 million) Thursday, up 73% on the day. (EUR1=RON4.4527)