Fund Portfolio

As at 31 October 2018, Fondul Proprietatea's portfolio included holdings in 35 companies: 8 listed companies accounting for 28% of the NAV and 27 unlisted companies, accounting for 68% of the NAV.

Please find below the top 10 portfolio holdings:

company name % share capital held by FP* NAV (EUR mn) %NAV
Hidroelectrica SA 19.9 756.6 35.3
OMV Petrom SA 10.0 472.7 22.1
CN Aeroporturi Bucuresti SA 20.0 169.5 7.9
E-Distributie Banat SA 24.1 116.8 5.5
Engie Romania 12.0 101.1 4.7
E-Distributie Muntenia SA 12.0 89.8 4.2
E-Distributie Dobrogea SA 24.1 73.3 3.4
Societatea Nationala a Sarii SALROM SA 49.0 55.3 2.6
Administratia Porturilor Maritime SA 20.0 49.3 2.3
BRD Groupe Societe Generale SA 2.4 46.8 2.2

Top 10 Portfolio Holdings

  

1,931.2

90.2

NAV

 

2,143.7

100.0

NAV per share (EUR)

  

0.2946

  
* Source: 28 September 2018 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 October 2018:

Company Name Number of Board Members Board Members Recommended by FP Expiry Mandate
Aeroportul International Timisoara - Traian Vuia SA 7 Madalin Georgescu 2019
Aeroportul International Mihail Kogalniceanu Constanta SA 7 Voicu Cheta 2018
Alcom SA 3 Vlad Neacsu
Madalin Georgescu

2020
2020
CN Aeroporturi Bucuresti SA 7 Dan Gheorghe* Until the enforcement 
of OUG 109
CN Administratia Canalelor Navigabile Constanta 7 Voicu Cheta 2020
CN Administratia Porturilor Dunarii Fluviale SA 7 Luiza Haschka 2018
CN Administratia Porturilor Dunarii Maritime SA Galati 7 Florin Luca 2018
CN Administratia Porturilor Maritime SA Constanta 7 Daniel Naftali*

2018
Complexul Energetic Oltenia SA 7 Simona Fatu 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 Oana Truta* Until the enforcement 
of OUG 109
Nuclearelectrica SA 7 Mihai Anitei 2022
OMV Petrom SA 9 Mark Mobius 2021
Plafar SA 5 Voicu Cheta
Daniel Naftali*		 2020
2020
Posta Romana SA 7 Florin Luca 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
Daniel Naftali*		 2019
2020
2018
* 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 31 October 2018

[name] [value]
Listed Equities 28.42%
Unlisted Equities 68.28%
Net Cash and receivables* 3.30%

*Net cash and receivables includes bank deposits, current bank accounts, short-term treasury bills and bonds, 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