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Tag Archives: proprietatea fund

Bucharest Stock Exchange registers growth in the first day of transactions this year

The Bucharest Stock Exchange (BVB) registered growth on Thursday with the volume reaching RON 32.514 million (EUR 6.969 million), of which RON 30.475 million (EUR 6.532 million) transactions with shares. The reference BET Index, reflecting the performance of the most ...

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Fondul Proprietatea: Gas price capping breaks local and EU legislation, jeopardizes investments, Romania’s future gas independence

Fondul Proprietatea (Property Fund) has reacted to the recent announcement by the Finance Ministry regarding the intention to cap the gas price at RON 55/Mwh for the domestic production until June 30, 2021. In a release on Friday, the fund ...

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UPDATE Proprietatea Fund sells part of its stake in OMV Petrom

Fondul Proprietatea (Proprietatea Fund) will sell part of its stake in OMV Petrom, following a similar move last year, when it sold 6.4% of the company’s shares, a press release informs. FP, the second most traded issuer on the capital ...

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Banca Transilvania, Proprietatea Fund, Transgaz to have the best yields in 2017

Last year, the companies listed at the Bucharest Stock Exchange (BVB) offered the highest dividend yield in the world, according to Berenberg Bank research, with a return of almost 8 percent for BVB’s main index BET. According to Tradeville, the ...

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Fin Min Anca Dragu: ‘Pole tax’ to be eliminated as of next year

Finance Minister Anca Dragu has said she plans to eliminate the tax on special constructions (so called the ‘pole tax’) as of January 2017, a tax introduced in 2014 as a measure of fiscal consolidation. “As of January 2017 we ...

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President Iohannis: ‘Romania should maintain the cooperation with the IMF. A strategy on the capital market is needed’

President Klaus Iohannis sent a message to investors on Wednesday that he is aware that most of them are closely monitoring the relationship with the IMF and that the Fund’s latest assessment raised questions about the government’s willingness to carry ...

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US investment funds, interested in Hidroelectrica’s listing. The company on stock, no sooner than 2017

A delegation of  Romanian state-controlled hydropower producer Hidroelectrica, made up of the company’s trustee Remus Borza, and Karoly Borbely, Director of Strategy and Corporate Affairs – IPO, at Hidroelectrica, have attended the Economic Mission of Romanian Chamber of Commerce and ...

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Green light for OMV Petrom secondary listing on London Stock Exchange

OMV Petrom’s shareholders have decided to list its shares on the London Stock Exchange (LSE) via global depository receipts (GDRs), a statement filed with the Bucharest Stock Exchange reads. Austrian OMV group, the company’s majority shareholder, and Proprietatea Fund have ...

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U.S. Chargé d’Affaires: For Romania the key word is ‘investment’

Proprietatea Fund showcases domestic companies to investors with over USD 700 bn assets under management during Analyst and Investor Days event.   More than 150 local and international institutional investors from the United States of America, United Kingdom, United Arab ...

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Conpet, on Proprietatea Fund sales list. First package sold for nearly RON 100 M

Proprietatea Fund (FP) continues its strategy of selling important assets in the portfolio. Thus, FP sold 23.6 percent of oil product transport company Conpet based in Ploiesti on the Bucharest Stock Exchange (BVB) via a private placement, in a transaction ...

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