Fund stockholders last week empowered the manager to sell up to 30% of the assets immobilized in the financial years 2015 and 2016.
Konieczny said the Fund would consider selling stock in Hidroelectrica before listing only if it gets a very good financial offer.
The stake in Hidroelectrica is FP’s largest unlisted asset and was valued at EUR491 million end-September.
FP expects the Romanian state will list Hidroelectrica on the Bucharest Stock Exchange in the second half of 2016 or in 2017. The power company is currently insolvent and the government expects it to exit insolvency sometime next year.
The Fund also expects the state to list postal operator Posta Romana, in which FP owns a stake estimated at EUR12.5 million, Constanta Port (EUR29.6 million), Bucharest Airports (EUR75.2 million) and Salrom (EUR32 million) in 2016/2017, while the listing of energy holding CE Oltenia (EUR24.2 million) is currently suspended.