News » January, 2011 » 27 January 2011
An over 2bn-euro fortune valued at 530m euros on the Bourse
27.01.2011, 00:04 | Capital Markets | 856 views
Fondul Proprietatea's stakes in unlisted companies, the state's "crown jewels", are valued on the Bourse at less than 25% of the value they were registered at in the Fund's net asset in late December. A simple calculation shows that if the value of the fund's listed stakes, yesterday standing at some 1.23bn euros, and the around 310m-euro liquidities are extracted from FP's yesterday capitalisation, of around 2.07bn euros, it results that the unlisted stakes in FP's portfolio are currently valued on the market at just 530m euros, namely less than a quarter of their "book" value. Read more on ZF.ro
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