Fund Portfolio

As at 30 August 2019, Fondul Proprietatea's portfolio included holdings in 34 companies: 7 listed companies accounting for 26% of the NAV and 27 unlisted companies, accounting for 70% of the NAV.

Please find below the top 10 portfolio holdings:

company name % share capital held by FP* NAV (EUR mn) %NAV
Hidroelectrica SA 19.9 876.2 38.7
OMV Petrom SA 10.0 494.6 21.8
CN Aeroporturi Bucuresti SA 20.0 192.8 8.5
E-Distributie Banat SA 24.1 109.0 4.8
Engie Romania 12.0 103.4 4.6
E-Distributie Muntenia SA 12.0 89.8 4.0
E-Distributie Dobrogea SA 24.1 69.0 3.1
Societatea Nationala a Sarii SALROM SA 49.0 57.7 2.6
SN Nuclearelectrica SA 7.1 56.7 2.5
CN Administratia Porturilor Maritime SA 20.0 51.6 2.3

Top 10 Portfolio Holdings

  

2,100.8

92.8

NAV

 

2,265.7

100.0

NAV per share (EUR)

  

0.3264

  
* Source: 28 June 2019 Detailed Statement of Investments.
 

For full details on the Fund's portfolio, please visit the Statement of Investments section, here.

List of Board Members in Portfolio Companies Recommended by Fondul Proprietatea, as at 30 August 2019:

Company Name Number of Board Members Board Members Recommended by FP Expiry Mandate
Aeroportul International Timisoara - Traian Vuia SA 7 Madalin Georgescu 2023
Aeroportul International Mihail Kogalniceanu Constanta SA 7 Voicu Cheta Interim Board
Alcom SA 3 Simona Fatu
Madalin Georgescu

2019
2023
Alro SA 11

Oana Truta

Voicu Cheta

2023

2023
CN Aeroporturi Bucuresti SA 7 Dan Gheorghe* Interim Board
CN Administratia Canalelor Navigabile Constanta 7 Voicu Cheta 2023
CN Administratia Porturilor Dunarii Fluviale SA 7 Luiza Haschka Interim Board
CN Administratia Porturilor Dunarii Maritime SA Galati 7 Ionut Dragomir Interim Board
CN Administratia Porturilor Maritime SA Constanta 7 Daniel Naftali*

2023
Complexul Energetic Oltenia SA 7 Madalin Georgescu 2020
Enel Distributie Dobrogea SA 7 Calin Metes* 2020
Enel Distributie Banat SA 7 Catalin Niculita* 2020
Enel Energie SA 7 Calin Metes* 2022
Hidroelectrica SA 7 Daniel Naftali* 2023
Nuclearelectrica SA 7 Mihai Anitei 2022
OMV Petrom SA 9 Mark Mobius 2021
Plafar SA 5 Voicu Cheta
Daniel Naftali*		 2020
2020
Romaero SA 7 Aurelian Trifa 2021
Societatea Nationala a Sarii Salrom SA 5 Simona Fatu
Dan Gheorghe*		 2020
2020
Zirom SA 3 Dumitru Matei
Tudor Stoia
Calin Metes*		 2019
2020
2023
* Franklin Templeton employees. Note: Franklin Templeton employees who sit on the Board of Directors of portfolio companies do not receive any remuneration for this work from the portfolio companies. Furthermore, in their capacity as board member, they are required to act in the best interest of the portfolio company and its shareholders and to respect all duties of board members in accordance with the law in force.

Portfolio Structure - by Asset Type as of 30 August 2019

[name] [value]
Listed Equities 25.89%
Unlisted Equities 68.71%
Net Cash and receivables* 5.41%

*Net cash and receivables includes bank deposits, current bank accounts, short-term Government securities, dividend receivables, as well as other receivables and assets, net of all liabilities (including liabilities to shareholders related to the returns of capital and dividend distribution) and provisions.

Investments

Companies