Templeton Developing Markets Trust and FTIF Templeton Frontier Markets Fund own the largest stakes in SIF Transilvania, of 1.88% and 1.64%, respectively, according to a notification sent to the Bucharest Bourse Friday.
Also, FTIF Templeton Emerging Markets Fund owns almost 1% in SIF Transilvania, while the other three funds own stakes between 0.15% and 0.45%.
Franklin Templeton’s stake in SIF Transilvania is evaluated at RON41.6 million (EUR9.5million), calculated at the latest quotation on the Bourse, of RON0.719 per share.
SIF Transilvania posted a record net profit of RON212.4 million in 2012, up 2.2% on the year, mainly fueled by revenue from sales of shares in lenders Erste and BRD. The figure is unchanged from a monthly report published in January.
On the other hand, the fund’s revenues fell 1.66% to RON320.4 million in 2012, from roughly RON326 million a year earlier. Overall costs declined 8.9% to RON77.5 million, the fund said in its financial report.
Franklin Templeton funds are among the largest foreign investors on the Bucharest Stock Exchange, with stakes in companies such as OMV Petrom (SNP.RO), BRD Societe-Generale (BRD.RO), Banca Transilvania (TLV.RO), BVB, as well as the five SIFs.