The fund sold a 4% stake in Star Residence Invest on March 23 and its holding stood at 23.87% before the disposal.
At the trading price recorded on March 23, the stake sold for approximately RON720,000.
Star Residence Invest has a stock market capitalization of RON15.2 million and is 25% owned by BRK Financial Group (BRK.RO) and 22.35% by real estate developer Impact Developer & Contractor (IMP.RO). Its shares started trading on March 19 and the price of shares has declined by approximately 24% since.