The fund will receive RON130.6 million from state-run hydropower generator Hidroelectrica in which it holds 20%, RON40 million from the Bucharest National Airport Company, in which it holds a 20% stake, RON5.2 million from state-run oil transporter Conpet in which it owns 6% and RON10 million from state-owned nuclear power producer Nuclearelectrica in which it holds 20%.
Nevertheless, the fund’s shareholders approved the decrease of the fund’s subscribed share capital from RON4.85 billion to RON4.77 billion, pursuant to the cancellation of 158,508,824 own shares acquired by Fondul Proprietatea S.A. during the seventh and eighth buy-back program.
The fund’s shareholders also approved the renewal of the mandate of Franklin Templeton International Services S.À R.L. as fund manager for two more years, starting April 1, 2018.