Frontier Markets Equity sold 210,181 shares, while the funds owned by Franklin Templeton sold 8,094,000 shares as follows: Templeton Frontier Markets sold 568,000 shares and Templeton Global Investment sold 7,526,000 shares.
The average share price was RON0.3031, while the total value of the transaction stood at approximately RON2.51 million.
Fondul Proprietatea has a market capitalization of RON9.187 billion and holds important stakes in several companies listed on Bucharest Stock Exchange like oil company OMV Petrom (SNP.RO), state-owned nuclear power producer Nuclearelectrica (SNN.RO) or lender BRD-Groupe Societe Generale (BRD.RO).
Fondul Proprietatea is also a shareholder in other unlisted companies such as state-owned hydropower producer Hidroelectrica, Bucharest airport operating company Aeroporturi Bucuresti, Maritime Ports Administration or salt company Salrom.