Conpet proposed paying out a gross dividend of RON3.27 a share from the 2012 net profit. Fondul Proprietatea holds 29.7% in Conpet, while the Economy Ministry owns 58.72%.
The fund’s proposal is subject to shareholder approval at a meeting due April 29-30.
This is the second time Fondul Proprietatea requests Conpet pay out a higher dividend than initially announced. Last year, Conpet’s other shareholders declined to increase the dividend level.
Conpet reported a net profit of RON30.8 million in 2012, up 8% year-on-year.
Friday, Conpet’s shares closed down 1.04% at RON38.2 a share, valuing the company at RON330.7 million. (EUR1=RON4.396)