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Romania's Fondul Proprietatea wraps up capital decrease

Author Mario Tanev
Romania's Fondul Proprietatea wraps up capital decrease Stock (Author: Fondul Proprietatea) License: all rights reserved.

BUCHAREST (Romania), October 16 (SeeNews) - Romanian investment fund Fondul Proprietatea [BSE:FP] said that the decrease of its capital to 3.96 billion lei ($920 million/833 million euro) from 4.73 billion lei has been entered into the trade registry.

Fondul Proprietatea decreased its capital by cancelling some 1.49 billion shares repurchased during its ninth buy-back programme, the company said in a bourse filing on Tuesday.

Following the capital decrease, Fondul Proprietatea's registered capital is divided in 7,613,970,697 shares with a nominal value of 0.52 lei each.

Fondul Proprietatea shares closed 0.85% higher at 1.19 lei on the Bucharest Stock Exchange on Tuesday.

(1 euro = 4.7501 lei)