Luxembourg-based fund raises stake in Romania's Cemacon to 38.7%

The fund increased the number of Cemacon shares it owns to 31.8 million from 1.8 million, it said in a statement filed with the Bucharest Stock Exchange.

Cemacon has recently raised its share capital by 7.69 million lei ($2.1 million/1.7 million euro) to 8.22 million lei.

Investment fund SIF Muntenia [BSE:SIF4] said on Monday it increased its stake in Cemacon to 6.1% following the capital hike.

(1 euro= 4.4735 Romanian lei)