The shares were traded at RON0.39 per share, up 0.78% from RON0.378 per share at Wednesday’s closing, Swiss Capital, which brokered the deal, said in a statement Friday.
The investment funds administrated by Franklin Templeton Investments bought a total stake of 0.044% in OMV Petrom on the Bucharest Bourse Wednesday, for RON9.6 million.
In May, the funds managed by Franklin Templeton started buying shares in OMV Petrom again, and have purchased a total of 0.1882% in the company’s share capital so far, for a total RON39.6 million.
In 2011, Templeton’s managed-funds bought 0.035% in OMV Petrom, for almost EUR2 million.
Franklin Templeton manages Romania’s Fondul Proprietatea (FP. RO). The two companies are represented in OMV Petrom’s supervisory board by Franklin Templeton’ chief executive officer, Mark Mobius.
OMV Petrom is 51.01%-owned by Austrian group OMV. The Romanian Economy Ministry holds a 20.63% stake in the company, while investment fund Fondul Proprietatea owns 20.11%.
On the Bucharest Stock Exchange Thursday, OMV Petrom closed slightly up 0.78%, at RON0.39 a share. (EUR1=RON4.4870)