Acasă » General Interest » FP sells the 12% stake held in Engie Romania for 432 mln. lei

FP sells the 12% stake held in Engie Romania for 432 mln. lei

15 February 2024
General Interest
Bogdan Tudorache

Shareholders of Fondul Proprietatea (FP) gathered during the extraordinary general meeting (AGEA) on Tuesday approved the sale of the 12% stake held in Engie Romania for the amount of approximately 432.6 million lei (86.9 million euro), an amount also reflected in the Net Asset Value net (NAV) of FP.

However, the shareholders rejected the sale, during this year, which marks the last period of FP’s mandate, of other significant shares held in companies such as CN Aeroporturi Bucuresti SA, CN Administratia Porturilor Maritime SA, Societatea Națională a Sării SA or Alro SA.

Thus, the shareholders decided “to approve the sale by Fondul Proprietatea of the shares held in the share capital of Engie România S.A. under the following conditions: The Fund Administrator is authorized to perform, and AGEA approves and ratifies, any necessary, useful and/or appropriate legal acts or actions regarding the sale of all Engie România S.A. shares held by Fondul Proprietatea on the date of the decision including, but not limited to, the negotiation, approval and establishment of the terms and conditions of any transaction, act or operation authorized pursuant to this item on the agenda, the negotiation, approval, signing and implementation of any documents related to matters authorized under this agenda item, completing any formalities and authorizing and/or performing any other actions necessary to give full effect to the operations, transactions and acts authorized under this agenda item and to represents the Company before any authorities and third parties in relation to matters authorized in accordance with this item on the agenda… The sale price by Fondul Proprietatea of all Engie România S.A. shares that it owns on the date of this resolution will be of 432,616,167.75 RON.”

On January 31, 2024, Fondul Proprietatea had holdings in 25 companies: 5 listed companies representing 5% of the NAV and 20 unlisted companies representing 89% of the NAV.

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.

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