Fondul Proprietatea holds sixth buy-back program worth around RON 484 mln

Newsroom 28/07/2016 | 14:01

Fondul Proprietatea (FP), the closed-end fund listed in Bucharest and London, announced that it wants to buy 5.24 percent from the capital of the investment fund for approximately RON 484 million.

Thus, Fondul Proprietatea offers RON 0.84/ share and RON 42/ GDR for 575 million shares or global depositary receipts, The price per share is 7.6 percent lower than the closing price from Wednesday.

The offer is available for the period August 3- September 7.

The intermediary is WOOD & Company Financial Services. Goldman Sachs International and WOOD & Company Financial Services are deal managers. The GDR tender agent is The Bank of New York Mellon .

Georgiana Bendre

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