In 2012, the fund reported a net profit of RON566.98 million.
Fondul Proprietatea in December sold its 15% stake in Transgaz for RON303.4 million. The proceeds will be used to finance its share repurchasing programs, the fund said.
End-December, the fund had net assets worth RON15.01 billion, slightly up from RON14.97 billion at the end of 2012.
Around 54.9% of Fondul Proprietatea’s assets were listed equities in December, while 42.46% non-listed equities. Net cash and receivables stood at 2.63% 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.
At around 12:00 pm, Fondul Proprietatea traded up 0.12% at RON0.83 a share, amid a rising market. (EUR1=RON4.526)