SIF Oltenia expects total revenue of RON157.6 million, up 18% on the year, according to the fund’s revenue and expenditure budget for 2012.
Overall costs are seen dropping 58% on the year to RON58.7 million.
SIF Oltenia doesn’t rule out selling its 6.59% stake in bank BCR to Austria’s Erste. The fund could receive around EUR40 million in the deal, provided its negotiation with the Austrian bank are successful.
SIF Oltenia is the only minority SIF which didn’t sell its shares in BCR in 2011.
On the Bucharest bourse Monday, SIF Oltenia closed up 2.87% at RON1.36 a share. (EUR1=RON4.3691)