OTP Green Energy public offer wrapped up

Newsroom 14/12/2009 | 10:27

OTP Asset Management Romania has announced the successful closure of the OTP Green Energy public offer, after 650 investors, most of them Romanians, bought 43,583 fund shares, worth more than RON 8.7 million.

Some 55.52 percent of the shares were acquired by legal entities, thus ensuring OTP Green Energy fund guaranteed capital.

In the retail segment, OTP Bank Romania, as a distributor of the fund’s shares, conducted most of the sales.

“At the launch of OTP Green Energy fund, a month ago, we counted on its innovative character, as well as on the access it provides to one of the most dynamic and active fields at European level, renewable energy. Now, at the closing moment, the large number of subscriptions shows that we made a good decision, as the investors have understood the growth potential of the companies from the renewable

energy field,” Catalin Iancu, president of OTP Asset Management Romania.

The fund, a premiere on the local market, is the first closed investment fund with guaranteed capital in Romania specially designed for the renewable energy segment. The subscription period ran from November 4 to December 2.

Anda Dragan

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