The proposal was cleared in principle at a meeting early April.
Fondul Proprietatea’s shareholders are also expected to approve or reject the appointment of a broker to help with the listing.
Fondul Proprietatea was set up in 2005 to compensate Romanians whose properties were seized during communism.
The fund has a share capital of 13.77 billion lei (EUR3.1 billion), split into 13.77 billion shares with a face value of RON1.
End-April, foreign investors held 56.78% of the fund’s shares, while residents had 38.82%.
On the Bucharest bourse Wednesday, Fondul Proprietatea closed up 0.64% at RON0.489 a share. (EUR1=RON4.4463)