The stake was sold at a price of RON18.1855 per unit. The deal was brokered by Swiss Capital.
Several investment funds administered by Franklin Templeton hold a cumulated 5% stake in the stock market operator.
The largest shareholders of the Bucharest Stock Exchange are foreign investment funds, including Erste funds and Franklin Templeton funds, regional investment funds SIF Moldova (SIF2.RO), SIF Transilvania (SIF3.RO) and SIF Oltenia (SIF5.RO), which hold 5% of the shares each, and SIF Muntenia (SIF4.RO), which controls a 3.64% stake in the stock market operator.
Early Tuesday, the Bucharest Stock Exchange was trading up 4.4%, at RON19 a share, after Ludwik Sobolewski, former general manager and president of the Warsaw Stock Exchange, was appointed general manager of the stock market operator in Bucharest.