“Following the passing of the deadline for expressions of interests on 4th November 2024, the BoN is pleased to announce that it has received five submissions of interest from a diverse range of candidates. The BoN is able to disclose the following details regarding the identity of interested candidates:
• 3 diversified global asset managers;
• A global infrastructure asset manager; and
• A Romania-based asset manager
The deadline for candidate submissions is scheduled for 29th November 2024, following which the BoN along with its selection advisor Deutsche Numis will assess submissions based on the selection criteria approved by Fondul shareholders by General Meeting of Shareholders held on 27 September 2024. A further update will be made by the BoN to investors following receipt of submissions from interested candidates”, the report reads.
Fondul Proprietatea ended the first nine months of 2024 with net profit of RON210 million, compared to RON969 million loss reported in the same period of 2023, and with gross dividend income of RON146 million, from RON963 million reported in January-September 2023.
FP shares have traded down 38% so far in 2024, triggering a market capitalization of RON1.1 billion.