“In the first six months of 2019, the Fund sold its entire stake of 2.4% in BRD – Groupe Societe Generale SA, for a total RON200.9 million”, as per the report.
Therefore, Fondul Proprietatea definitively exited the shareholding structure of the two large banks listed on the Bucharest Stock Exchange, namely, Banca Transilvania (TLV.RO) and BRD, respectively, considering that the Fund’s exit from TLV took place in 2017. By comparison, the Fund held 1.78% of the share capital of BRD in the first quarter of 2019.