SIF Moldova representatives said it was completed the first stage of the program for the repurchase of the fund’s own shares. The stake bought by the fund accounts for 0.289% of SIF Moldova’s share capital.
BT Capital Partners brokered the transaction.
The fund’s total revenue reached RON49 million, of which revenue from ceded financial investments stood at RON31.39 million, accounting for 63.73%. In the first quarter of 2016, SIF Moldova reported a net profit of RON25.8 million.
SIF Moldova’s market capitalization reaches RON752 million, after its shares have decreased by 7.76% since the start of 2016.