In its latest transaction, Templeton Frontiers Markets bought 0.8% in BVB for some 1.8 million lei (EUR420,000).
Thus, Templeton Asset Management now holds 428,355 shares in the operator, upping its stake from 363,977 shares (4.7%).
Franklin Templeton manages the assets of investment fund Fondul Proprietatea (FP.RO), worth more than EUR3.5 billion.
BVB has a share capital of RON76.7 million, divided into 7.6 million shares with a face value of RON10.
BVB shares closed at RON30.1 Tuesday.