“We plan to be market makers, starting day one, on the spot market and other derivatives,” Ionescu said when asked if Raiffeisen would be a market maker for Proprietatea stock.
Stock market sources told MEDIAFAX that broker KBC Securities has similar plans for the fund’s shares.
The fund’s listing on the Bucharest Stock Exchange is set for January 25. The fund will be listed directly, without an initial public offer.
Fondul Proprietatea is a closed-end investment fund created to compensate people whose property cannot be returned in kind after being abusively seized under the communist regime.