By comparison, on December 2019, the fund was shareholder in 16 companies listed on the Bucharest Stock Exchange, with investments worth RON4.3 billion, which means one more company, namely, cardboard and toilet paper manufacturer Vrancart Adjud (VNC.RO).
Also, NN Pensii increased its holding in private medical services provider MedLife (M.RO), an entrepreneurial company held by the Marcu Family. On June 30, 2020, NN Pensii had a RON77.5 million investment in MedLife, which corresponds to 2.2 million shares, or nearly 10% of the company’s share capital. By comparison, end-2019, the number of shares stood at 1.5 million units, or RON50.9 million, the equivalent of 6.8%.
NN Pensii also bought shares in building materials manufacturer TeraPlast Bistrita (TRP.RO), boosting its holding in the company to 8.4% from 5.1%, which translates into an increase of 65% in the number of shares. End-June 2020, the investment in TRP was RON45 million.
NN Pensii also bought shares in Digi Communications (+ 3% in terms of number of shares in 1H/2020), BRD (10%), Fondul Proprietatea (23%), Sphera (3.6%), Romgaz (4.9%), Petrom (3.2%) and Banca Transilvania (22.6%) in which NN Pensii increased its holding to 8.66% from 7.06%, per ZF calculations.
Also, NN Pensii reported sales on the segment of shares on external markets. On June 30, 2020, the fund’s report no longer included investments in shares such as Erste Group, DO & DO, Daimler, Wirecard, AMBU, Adyen. End- 2019, investments reached a total RON413 million. Instead, the fund remained shareholder in Banco Santander (RON40 million in 1H/2020), Eurofins Scientific (RON104 million) and Prysmian (RON70 million).
NN Pensii has some 2 million contributors to the private pension fund it manages. The latest data from Romania’s financial regulator ASF show the fund had assets of RON23.9 billion in August 2020. Some 2 million Romanian employees contributed 3.75% of their monthly gross income to the pension fund managed by NN Pensii.