This is M&G’s only investment on the Bucharest Stock Exchange.
According to the latest Bloomberg platform data, M&G, which has GBP330 billion (EUR381 billion) assets and launched the first mutual fund in Europe ever in 1931, was recorded as owning 3.185 million shares or 0.7% in Hidroelectrica, the largest company listed on the Bucharest Stock Exchange, which at the current trading prices translate into a RON380 million investment. This makes it the largest foreign shareholder of the electricity producer.
Second largest is US’ Vanguard, 3 million Hidroelectrica shares or RON358 million at a price of RON119/share, while Goldman Sachs Group ranks third with 2 million shares or RON241 million.
M&G bought into Hidroelectrica via several funds such as M&G Global Themes Fund – 2.28 million shares, M&G Lux Global Themes Fund – 519,000, M&G Global Emerging Markets Fund – 323,900.
(English version by Loredana Fratila-Cristescu)