Romania's Fondul Proprietatea cuts capital

Romanian property restitution fund Fondul Proprietatea [BSE:FP] said on Friday it reduced its share capital from 9.32 billion lei ($2.25 billion/ 2.06 billion euro) to 9.16 billion lei by cancelling 161.6 million of its own shares, seenews.com reads. Following the capital decrease, Fondul Proprietatea's share capital will be divided into 10.85 million shares with a face value of 0.85 lei each, the fund said in a ...

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