Finance Ministry Has 0.02% Distributable Stake In Fondul Proprietatea
Romania’s Finance Ministry transferred a total 1.48% in investment fun Fondul Proprietatea (FP.RO) in December, which leaves it with a 0.02% stake to be granted as compensation.
At the end of December, the government held 2.71% of the subscribed share capital, but 2.69% is blocked by the Central Depository.
At the end of November, the state owned 4.19% in the fund.
Manchester Securities, the largest shareholder in the fund, continued to buy stock and upped its stake to 10.91%, according to a report posted on the Bucharest bourse.
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