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Ownership threshold for Romanian mass privatisation funds lifted

The 5% ownership threshold at the five Romanian financial investment funds (SIF), launched in the mid-90s as mass privatization funds, was lifted as of July 23. This could lead to new increases for the shares of these companies, which are significantly undervalued compared to their official assets. The combined net assets of the five SIFs were over RON 10 bln (EUR 2.1 bln) at the end of June, while their market capitalization today is about half that ...

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