The shares were traded at RON0.5405 per share, up 0.09% from Wednesday’s closing price.

On Wednesday, a similar stake in Proprietatea was traded in a deal for RON94.4 million, at a price of RON0.5395/share.

Fondul Proprietatea was set up in 2005 to compensate Romanians whose properties were seized during communism.

Foreign institutional investors held 50.64% of the fund’s shares at the end of August, while Romanian-based institutional investors held 9.34%.

The fund’s largest stockholders are US hedging fund Elliott Associates, which indirectly owns a 14% stake, and City of London, with a 9.8% stake. (EUR1=RON4.5092)