The fund’s assets declined by around RON3.4 billion to RON13.1 billion.
„The net unrealised loss from equity investments at fair value through profit or loss in H1 2023 was mainly generated by the changes in fair value of the unlisted portfolio. The decrease in fair value was mainly generated by the valuation decrease of the holding in Hidroelectrica SA (RON 1.87 billion), whereas the following companies recorded an increase in fair value: CN Aeroporturi Bucuresti SA (RON 115.1 million), Engie Romania SA (RON 49.6 million), CN Administratia Porturilor Maritime SA (RON 30.2 million) and Societatea Nationala a Sarii SA (RON 23.5 million),” reads the fund’s statement.
Fondul Proprietatea has a RON12 billion capitalization. In 2023, its shares have dropped by 4.7% amid deals worth RON1.4 billion.
(English version by Catalina Apostoiu)