The EBRD sold its remaining stake of 1.6% in Petrom last week for RON385.6 million.

The shares bought by the four funds represent 5.37% of the stake sold by the EBRD.

The largest stake was bought by Templeton Eastern Europe, which acquired 0.054% (30.7 million shares) in OMV Petrom for RON12.9 million, Wood&Company Financial Services, which brokered the deal, said in a statement Thursday.

The other share packages were bought for RON3.8 million, RON3.5 million and RON453,600, respectively.

Franklin Templeton manages investment fund Fondul Proprietatea (FP.RO). In May, Proprietatea sold 1.11% in OMV Petrom for RON246.6 million.

Petrom is 51%-owned by Austria’s oil and gas group OMV. Romania’s Economy Ministry holds 20.64% of the company’s shares, while Fondul Proprietatea owns 18.99%.

On the Bucharest bourse Thursday morning, Petrom was trading down 0.77%, at RON0.451 per unit, valuing the company at RON25.5 billion. (EUR1=RON4.4449)