At the end of May, the government held 25.25% in the Proprietatea fund.
The Finance ministry transferred a 1.78% stake in the beginning of June, and another 4.57% in the second half of the month.
Although the stakes were transferred as compensation for people disowned by the communist regime, Romanian individuals remained the main vendors of Proprietatea shares in June, as they sold a total 4.75% of shares.
At the end of June, Romanian individuals held a total 37.02% in the fund, compared to 35.42% at the end of May, according to a report issued Friday by the fund.
Most of the Proprietatea shares sold on the bourse in June were bought by foreign companies, who now own a cumulated 27.33% stake in the fund, compared to 23.72% at the end of May.
Romanian companies bought a total 1.1% of Proprietatea shares, upping their overall stake to 7.91%, from 6.81% at the end of May.
Foreign individuals sold a total 0.1% in the fund in June, reducing their cumulated stake to 8.69%, from 8.79%.
The fund’s largest individual shareholder, Georgia Palade van Dusen, maintained her stake at 6.68%.
On June 15, City of London Investment Management announced it indirectly holds 1 5.85% stake in the fund.
At the same time, through a buyback program launched in May, the fund owns 0.5% of its own shares. Fund manager Franklin Templeton has the right to buy back at most 10% of the fund’s shares, but the fund only has money to buy some 1.5%.
At the end of June, the fund has 9,888 shareholders, 314 less than in May.
Proprietatea shares closed up 0.47% Friday, to 0.536 lei (EUR0.127).