Proprietatea Fund lists on London Stock Exchange


The shareholders approved yesterday the secondary listing of Proprietatea Fund on the London Stock Exchange. The listing will be technical only, without a proper offer of selling stock. Stock trading between London and Bucharest might be achieved through Depositary Interests in the UK. The best moment for Proprietatea Fund listing is September-October, said Fund manager Grzegorz Konieczny. Proprietatea Fund also negotiates the takeover of stock of Electrica Company, either through the IPO or from the very stock belonging to the Government, in exchange for the stakes they own at Electrica subsidiaries.

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