The resolutions of the extraordinary general shareholders meeting of Fondul Proprietatea SA decided the decrease of capital of about 6,7%, according to a release.

The meeting took place on Tuesday and decided “the approval of the decrease of the subscribed share capital of Fondul Proprietatea S.A. from RON 9,168,314,116.70 to RON 8,562,968,634.10 pursuant to the cancellation of 712,171,156 own shares acquired by Fondul Proprietatea S.A. during the sixth buyback programme”.

After the share capital decrease, the subscribed share capital of Fondul Proprietatea S.A. shall have a value of about 1.9 billion euro (RON 8.56 billion) being divided in more than 10 billion shares.

The nominal value of each share is of RON 0.85.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.