Fund Portfolio

As at 30 June 2021, Fondul Proprietatea's portfolio included holdings in 32 companies: 6 listed companies accounting for 17% of the NAV and 26 unlisted companies, accounting for 74% 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 1,225.8 52.8
OMV Petrom SA 7.0 341.9 14.7

Engie Romania SA

 12.0 122.6 5.3
CN Aeroporturi Bucuresti SA 20.0 120.1 5.2

CN Administratia Porturilor Maritime SA

 20.0 53.6 2.3
E-Distributie Banat SA 24.1 51.0 2.2

E-Distributie Muntenia SA

 24.1 42.2 1.8

Alro SA

 10.2 40.2 1.7

E-Distributie Dobrogea SA

 24.1 38.3 1.7

Societatea Nationala a Sarii SALROM SA

 49.0 37.1 1.6

Top 10 Portfolio Holdings

  

2,072.8

89.4

NAV

 

2,319.7

100.0

NAV per share (EUR)

  

0.3919

  
* Source: 31 March 2021 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 31 May 2021:

Company Name Number of Board Members Board Members Recommended by FP Expiry Mandate
Aeroportul International Timisoara - Traian Vuia SA 7 Madalin Georgescu

Interim Board
Aeroportul International Mihail Kogalniceanu Constanta SA 7 Adrian Florea Interim Board
Alcom SA 3 Silviu Turc
Madalin Georgescu

2023
2023
Alro SA 11

Oana Truta

Voicu Cheta

2023

2023
CN Aeroporturi Bucuresti SA 7 Catalin Diaconu* 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 Catalin Diaconu*

2022
Complexul Energetic Oltenia SA 7 Madalin Georgescu 2020
Enel Distributie Dobrogea SA 7 Calin Metes* 2024
Enel Distributie Banat SA 7 Catalin Niculita* 2024
Enel Energie SA 7 Calin Metes* 2022
Hidroelectrica SA 7 Daniel Naftali* 2023
OMV Petrom SA 9 Marius Stefan 2025
Plafar SA 5 Teodor Hnatec
Daniel Naftali*		 Interim Board
Romaero SA 7 Aurelian Trifa 2021
Societatea Nationala a Sarii Salrom SA 5

Valeriu Ionita

Simona Ochian*

Interim Board
Zirom SA 3 Toni Teau
Ionut Dragomir
Simona Ochian*		 2024
2024
2025
* 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 June 2021

[name] [value]
Listed Equities 17.04%
Unlisted Equities 74.37%
Net Cash and receivables* 8.59%

*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