Last year’s result was boosted by the sale of a 6% stake in lender Banca Comerciala Romana (BCR) to Austrian Erste Group Bank AG (EBS.RO). SIF Transilvania received RON123.6 million in cash and around 1% in Erste stock.
SIF Transilvania estimates total revenues will halve to RON162 million in 2012, from RON326 million a year earlier. Overall costs are expected to drop 24% to RON59 million.
The fund has scheduled total investments of RON75 million in 2012, up 23% on the year. SIF Transilvania said it might participate in several planned public offerings at key energy and oil companies, including OMV Petrom (SNP.RO), Romgaz, Transgaz (TGN.RO), Transelectrica (TEL.RO), Hidrolectrica and Nuclearelectrica.
SIF Transilvania has a share capital of RON109.2 million, split into 1.092 billion shares with a face value of RON0.1.
At 12:30 Monday, SIF Transilvania’s shares traded up 2.65% at RON0.698 in Bucharest, amid a slightly rising market. (EUR1=RON4.3712)