Romania's Govt. considers buying out Fondul Proprietatea from Constanta Port

The Romanian state, through the Ministry of Transport led by Ciprian Şerban, is analysing the possibility of taking over the 20% stake that Fondul Proprietatea (BVB: FP) holds in Porturi Maritime Constanţa (CNAPMC). The move would make the state the sole shareholder of Romania's most important logistics hub, responsible for import-export, transit, storage, and operation of goods on the Black Sea.

Besides the planned takeover of the 20% stake in Bucharest Airports Company (CNAMB), also from Fondul Proprietatea, the state's investments would reach EUR 270 million plus some EUR 86 million needed for CNAPMC's planned investments in Moldova's port Giurgiulesti - a financial effort that would require subsequent listing of the two companies' shares.