Romanian Gov't stake in Fondul Proprietatea, down to 12.37 pct

The Romanian Government's stake in the Fondul Proprietatea (FP) sovereign fund decreased to 12.37 percent as of end-July, from 19.05 percent as of end-June, according to a report of the Bucharest Stock Exchange (BVB). Romanian private individuals were holding 38.55 percent of the FP shares as of July 31, 2011, up from 37.02 percent as of June 30.At the same time, the weight of foreign institutional shareholders in the FP shareholding increased from 27.33 percent in late June, to ...

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