The Proprietatea Fund analyzes options for possible cut in its OMV Petrom interests


The Proprietatea Fund (BSE: FP) continues to analyze strategic options for a possible cut in its interests held in OMV Petrom, also through a public offering of shares and Global Depositary Receipts, with the latter ones to be listed on the London Stock Exchange, according to a FP report.

According to the report, any such transaction is conditioned by the existence of a favorable market context, as well as by the necessary approvals.

The Fund informs that it currently holds a 19pct stake in OMV Petrom and tends to increase the liquidity of transactions with OMV Petrom shares, remaining dedicated to the successful development of this company as its long-term shareholder.

Franklin Templeton Investment Management Limited United Kingdom Bucharest Branch is the sole manager and investment management company of FP investments.

In turn, OMV Petrom announced on Wednesday it would convene an extraordinary general meeting on September 22 to approve the secondary listing on the London Stock Exchange.