The fund sold the stock at an average price of RON0.3681 per share, namely 14.85% above the average market price Wednesday, according to a report issued Friday by EFG Eurobank Securities, which brokered the transactions.
Before the operations, the Proprietatea fund held 10% in Oil Terminal.
The Constanta-based company specializes in the reception, storage and shipping of crude oil and other raw materials for import, export and transit.
The company is 59.62% owned by the Economy Ministry, while Fondul Proprietatea now holds 8.45%. The remaining stock is free float.
Oil Terminal shares closed Thursday at RON0.335, up 4.52% on the day. (EUR1=RON4.1566)