The duration may be extended by the extraordinary general meeting of shareholders, with additional periods of 5 years/each, per a stock market report.
Mid-December 2020, Fondul Proprietatea announced the closing of the public tender offer for the purchase of shares or global depositary receipts (GDR). Total subscriptions reached 1.37 billion shares, representing 828.1% of the public tender offer, which means the offer was oversubscribed over eight times, according to calculations by Ziarul Financiar (ZF). The total value of the Offer amounted to RON229.3 million.
Fondul Proprietatea has a market value of RON10.8 billion. Its shares have been trading up 20.2% over the last year, amid deals worth RON1.3 billion, and up 2.8% since the beginning of 2021, amid deals worth RON45 million.