Romania's Sovereign Investment Fund to Have RON19.11B Share Capital

Romania's Sovereign Fund for Development and Investments (FSDI) will have a share capital of RON19.11 billion, according to a draft government decision published Friday.

9 views

Of the proposed share capital RON9 billion would be cash contributions and RON10.11 billion is face value of shares owned by the Romanian state in the companies part of the fund.

The fund's initial share capital is divided into 1.47 billion nominative shares with a face value of RON13/share.

The Sovereign Fund's portfolio includes controlling or minority stakes in 28 state companies in the pharmaceutical, transport and energy fields, such as electricity providers Electrica and Nuclearelectrica, natural gas producer Romgaz, oil and gas company OMV Petrom, and pharmaceutical company Unifarm SA.

Read more: Kovesi Accused of Determining Local Chief Prosecutor to Green-light Illegal Indictment

Read more: Presidential Counselor: 2019 Budget Might Not Ensure the Sums Required to Pay All Pensions

Read more: Salmonella Found in Over 1.5 Tons of Meat in Mures County

If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »

The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.