FTIF-Templeton Emerging Markets Fund and FTIF-Templeton Eastern Europe Fund paid together 4.6 million lei (EUR1 million) for the 2.82% stake in Transelectrica.
Romania ran a secondary public offering of 15% in Transelectrica between March 14 and March 27. The authorities received RON164.7 million (EUR37.6 million) in a heavily oversubscribed offering. Purchase prices ranged between RON14.9 and RON15.71 a share.
Regional investment fund SIF Oltenia (SIF5.RO) bought the largest stake, amounting to 18.74% of the total shares offered.
Transelectrica is 58.69%-owned by the Economy Ministry, while investment fund Fondul Proprietatea (FP.RO), managed by Franklin Templeton, owns roughly 13.5%.
At around 15:40 hours Tuesday, Transelectrica traded flat at RON15.08 a share in Bucharest. (EUR1=RON4.3746)