Romania’s stake in the Proprietatea fund dropped to 38.88% in December, from 41.49%, once 450 new individuals joined the shareholding structure.
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.