Companies in Romania's Sovereign Fund evaluated at over EUR 10 bln

The market value of the stakes held by the Romanian state and slated for being amassed in the portfolio of the Sovereign Investment and Development Fund (FSDI) is close to RON 50 billion, or more than EUR 10 billion, Profit.ro has calculated.

Supplementary, the Government will contribute RON 9 billion (nearly EUR 2 billion) in cash to FSDI’s portfolio. The goal stated by the authors of the FSDI’s blueprint is to invest “with the purpose of obtaining profits.”

The stakes that the Government plans to transfer to FSDI are some of the state's most important assets, which produce annually large sums of money in the form of dividends (estimated at RON 4.7 billion, or EUR 1 billion this year alone). FSDI will be able to contract loans by using these assets as collateral, and it could even sell stakes in strategic companies such as OMV Petrom, Romgaz, Hidroelectrica, Electrica, Nuclearelectrica, Romanian Lottery, and the National Salt Company, with the aim of getting more resources for investing in new projects.

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