In April, when the main index of the market, BET, stagnated, BRD Pensii bought some 885,545 Hidroelectrica shares, which, at an average trading price of RON138 that month translates into about RON116 million, data aggregated by ZF from the Bucharest Stock Exchange and the desprepensiiprivate platform show.
This was BRD Pensii’s first transaction involving listed shares on the Bucharest Stock Exchange this year, ZF found.
BRD Pensii’s investment in the largest listed company on the Bucharest Stock Exchange has grown to RON236 million, which accounts for 4% of its net asset value and about 1.75 million shares. In comparison, the pension fund had 867,000 Hidroelectrica shares (RON116 million) or 2% of its net asset value at the end of March.
BRD Pensii has RON5.9 billion in assets invested for about 571,000 contributors.
(English version by Loredana Fratila-Cristescu)