Two deals with Fondul Proprietatea shares closed for EUR 9.9 mln on Bucharest Stock Exchange
Check out the evolution of Fondul Proprietatea shares price since its Bucharest Stock Exchange listing on January 25. The first day of trading for Fondul Proprietatea shares triggered a record volume of over EUR 50 million in trading with FP shares.
Fondul Propriatatea is managed by Franklin Templeton, which took over the fund’s management four months ago. The fund was created in 2005 as a joint stock company with a special purpose to provide compensation to the persons whose real estate assets have been confiscated abusively by the Romanian state during the communist regime and who can no longer receive restitution in kind. The value of the fund’s assets is of EUR 3.5 billion. There are 13.7 billion Fondul Proprietatea shares, each with a nominal value of RON 1. The highest trading price on the Bucharest Stock Exchange since listing has been of RON 0.6365.
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