ANRP issued conversion rights for a total stake of 3.37% in Fondul Proprietatea. At the fund’s closing price Friday, of RON0.4449 a share, the stock is evaluated at 206.8 million lei (EUR48.7 million).
The largest conversion title issued in August equals to 0.53% in Fondul Proprietatea and was assessed at RON37 million (around EUR8.7 million).
ANRP used an average price of RON0.5043 a share.
Fondul Proprietatea, managed by Franklin Templeton Management, was set up in 2005 to compensate Romanians whose properties were seized during communism.
The fund has a share capital of RON13.77 billion.