Fondul Proprietatea posted net assets of RON12.67 billion at the end of August, slightly higher on the month.
Around 44.3% of Fondul Proprietatea’s assets were listed equities, while 49.82% non-listed equities. Net cash and receivables stood at 5.91% of the net asset value.
Fondul Proprietatea was set up in 2005 to compensate Romanians whose properties were seized during communism.
The fund has a share capital of RON13.77 billion lei, split into 13.77 billion shares with a face value of RON1.
Foreign investors held 57.06% of the fund’s shares at the end of August, while residents had 38.53%. Fondul Proprietatea owns 1.79% of its own shares due for cancellation.
Friday, Fondul Proprietatea closed up 0.56% at RON0.535 a share. (EUR1=RON4.5042)