News » January, 2011 » 6 January 2011
Shareholder structure changes at Property Fund ahead of flotation
06.01.2011, 23:59 | Capital Markets | 823 views
Over 5% of the capital of Fondul Proprietatea (Property Fund) has changed hands in December, the last month ahead of the Stock Exchange flotation, when the state surrendered around 2.6% of its own stake to former owners, while private shareholders traded another 2.6% of the capital, taking advantage of the last few days of grey market. Thus, 400 new shareholders caught the last train to Fondul Proprietatea, strengthening the presence of foreign funds in the shareholder structure. The Board of the Bucharest Stock Exchange (BSE) yesterday approved the admission to trading of Fondul Proprietatea shares in the first tier of the regulated market, and has set January 25th as the first day of trading. Read more on ZF.ro
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