Now, the private pension fund has a portfolio of shares that consists entirely of companies listed at the Bucharest Stock Exchange.
Thus, NN Pensii – with RON48.5 billion assets invested on behalf of 2.1 million Romanians, being the largest investor at the Bucharest Stock Exchange – sold the shares it held in Eurofins, which represented 0.22% of the assets recorded at the end of May 2024.
Eurofins has a market capitalization of EUR10.6 billion. Its shares have lost 12% over the past year, but gained 45% over the last five years, peaking in fall 2021, with EUR125 per share.
On the other hand, in June 2024, NN Pensii sold 54,300 shares in the Bucharest Stock Exchange, 33,000 Compa shares, 30.7 million Fondul Proprietatea shares and 102 million OMV Petrom shares, the latter of which represented 4.89% of the pension fund’s assets in June 2024.
Indirectly, NN Pensii has exposure to European shares through several ETFs (exchange traded funds), such as Xtrackers Euro Stoxx (RON1.1 billion), as well as to Wall Street through iShares S&P 500 Information Technology Sector (RON470 million) and iShares Core S&P 500 UCITS ETF USD (RON156 million).
Eurofins Scientific SE is a French group of laboratories headquartered in Luxembourg, providing testing and support services to the pharmaceutical, food, environmental, agriscience and consumer products industries and to governments.