Proprietatea Fund (FP) sold all its shares held in Transgaz for RON 303.5 M, according to an announcement posted on the Bucharest Stock Exchange (BVB) yesterday. FP administrator, Franklin Templeton Investment Management Limited United Kingdom, Bucharest Branch, as single administrator and management companies for the Fund’s investments, notifies the investors on the completion of the book building process for the private placement on the BVB of a number of 1,764,620 ordinary shares, Agerpres reports.
The nominal price for each share stands at RON 172, the total value of the shares amounting to 303,514,640 lei. The transaction represents the sale of the whole share package of the Fund in Transgaz and was oversubscribed several times. Citigroup Global Markets Limited, Raiffeisen Capital&Investment S.A. and Wood&Company Financial Services a.s. acted as global coordinators and joint bookrunners concerning this sale, according to FP.