State-Owned Stake In Fondul Proprietatea Narrows To 4.19%

At the end of October, the Finance Ministry held 5.93% in the fund.

The fund’s largest shareholder, New York-based Manchester Securities, bought an additional 1.61% of shares, boosting its stake to 9.54% and retaining the top position.

Romanian individuals continued to be the most active vendors among the fund’s shareholders, and their overall stake inched up to 35.74%, from 35.7%.