Proprietatea Fund increases its stake in Petrom to 20.11 percent

The Proprietatea Fund, a Romanian fund aimed at compensating people whose properties were confiscated during the communist regime, increases its stake in Petrom, the main Romanian petroleum company, to 20.11% after Authority for State Assets Recovery - AVAS transferred a 10.22% stake, a press release remitted to the Bucharest Stock Exchange informs.Thus, AVAS transferred to the Proprietatea fund 5.79 billion shares in Petrom, amounting to 10.223% of the company’s social capital.After the ...

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