Fondul Proprietatea holds approximately 20% in Hidroelectrica, the largest electricity producer in Romania and the most profitable state-run company.
“The amounts resulting from the partial or entire sale of the package of shares during the secondary public offering shall be distributed to company’s (Fondul Proprietatea i.e.) shareholders as special dividend within three months of the collection of that amount by the company,” reads a report submitted to the Bucharest Stock Exchange.
The proposed record date is December 9, and the ex-date is December 8. Fondul Proprietatea’s shareholders include Pillar II private pension funds, US group Silver Point Capital and mutual funds.
(English version by Loredana Fratila-Cristescu)