The price offered is RON0.72 per share.
Overall, the fund wants to repurchase 37 million shares and the total value of the offer reaches RON26.6 million.
Intermediarul ofertei este SSIF BRK Financial Group will be acting as intermediary of the offer. The offer was approved by the Financial Supervisory Authority (ASF).
SIF Muntenia has a market capitalization of RON540 million and its shares have grown by 12% since the beginning of 2019, following deals worth a total RON38 million.
SIF Muntenia’s investment portfolio includes stakes in Banca Transilvania, Biofarm and BRD. The fund ended 2018 with a net profit of RON22.7 million and net gains of RON72.7 million from asset sales.