Fund Portfolio

As at 31 October 2023, Fondul Proprietatea's portfolio included holdings in 25 companies: 5 listed companies accounting for 5% of the NAV and 20 unlisted companies, accounting for 60% of the NAV.

Please find below the top portfolio holdings:

company name % share capital held by FP* NAV (EUR mn) %NAV
CN Aeroporturi Bucuresti SA 20.0 166.7 24.5
Engie Romania SA 12.0 98.7 14.5
CN Administratia Porturilor Maritime SA 20.0 63.1 9.3
Sociatatea Nationala a Sarii Salrom SA 49.0 59.8 8.8
Alro SA 10.2 23.3 3.4

Top Portfolio Holdings

  

388.3

60.6

NAV

 

679.5

100.0

NAV per share (EUR)

  

0.1300

  
* Source: 30 September 2023 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 13 October 2023:

Company Name Number of Board Members Board Members Recommended by FP Expiry Mandate
Aeroportul International Timisoara - Traian Vuia SA 7 Andreea Marcu*

Interim Board
Aeroportul International Mihail Kogalniceanu Constanta SA 7 Simona Fatu Interim Board
Alcom SA 3 Silviu Turc
Madalin Georgescu

2027
2027
Alro SA 11

Voicu Cheta

2027
CN Aeroporturi Bucuresti SA 7 Catalin Diaconu* Interim Board
CN Administratia Canalelor Navigabile Constanta 7 Voicu Cheta Interim Board
CN Administratia Porturilor Dunarii Fluviale SA 7 Luiza Haschka Interim Board
CN Administratia Porturilor Dunarii Maritime SA Galati 7 Simona Fatu Interim Board
CN Administratia Porturilor Maritime SA Constanta 7 Catalin Diaconu*

Interim Board
Complexul Energetic Oltenia SA 7 Madalin Georgescu

2027
Electrocentrale Craiova SA 5 Valeriu Ionita Interim Board
Enel Distributie Dobrogea SA 7 Calin Metes* 2024
Enel Distributie Banat SA 7 Catalin Niculita* 2024
Enel Energie SA 7 Calin Metes* 2026
Engie Romania 9 Simona Ochian* 2025
Plafar SA 5

Teodor Hnatec


Andreea Marcu*

 Interim Board
Romaero SA 7 Luiza Haschka Interim Board
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.

Investments

Companies