In September, SIF Oltenia held a 1.99% stake in Banca Transilvania and a 3% stake in BRD, compared with 4.58% and 4.16%, respectively, at the beginning of last year.
In the first nine months of 2013, SIF Oltenia sold stakes in its portfolio worth RON223.8 million, 3.7-fold higher on the year.
In October, the fund sold to SIF Muntenia (SIF4.RO) almost its entire stake in pharmaceutical company Biofarm, for RON96 million.
The company’s net assets rose last year by 12%, from RON1.432 billion to RON1.604 billion.
The value of SIF Oltenia’s stakes in listed companies rose 19.16% at the end of 2013, exceeding RON1 billion, while the value of stakes in unlisted companies rose 4.12%, at RON631 million.
At the end of September, SIF Oltenia held a 1.16% stake in OMV Petrom (SNP.RO), a 6.86% stake in Transelectrica (TEL.RO) and a 1.68% stake in Transgaz (TGN.RO).
The company owned stakes in 71 listed and unlisted companies at the end of 2013, compared with 86 in 2012.
On the Bucharest Stock Exchange Tuesday, SIF Oltenia was trading down 1.48% at RON2 a share. (EUR1=RON4.5260)