Fund Portfolio

As at 30 September 2020, Fondul Proprietatea's portfolio included holdings in 33 companies: 7 listed companies accounting for 18% of the NAV and 26 unlisted companies, accounting for 72% of the NAV.

Please find below the top 10 portfolio holdings:

company name % share capital held by FP* NAV (EUR mn) %NAV
Hidroelectrica SA 19.9 966.7 47.5
OMV Petrom SA 10.0 272.7 13.4
CN Aeroporturi Bucuresti SA 20.0 151.1 7.4
Engie Romania SA 12.0 87.5 4.3
SN Nuclearelectrica SA 7.0 57.6 2.8
E-Distributie Banat SA 24.1 51.9 2.6

CN Administratia Porturilor Maritime SA

 20.0 47.9 2.4

Societatea Nationala a Sarii SALROM SA

 49.0 45.6 2.2
E-Distributie Muntenia SA 12.0 43.7 2.2
E-Distributie Dobrogea SA 24.1 33.8 1.7

Top 10 Portfolio Holdings

  

1,758.5

86.4

NAV

 

2,034.8

100.0

NAV per share (EUR)

  

0,3261

  
* Source: 30 June 2020 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 September 2020:

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 Simona Fatu
Madalin Georgescu

2023
2023
Alro SA 11

Oana Truta

Voicu Cheta

2023

2023
CN Aeroporturi Bucuresti SA 7 Catalin Niculita* 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* 2024
Enel Distributie Banat SA 7 Catalin Niculita* 2024
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*		 2021
2021
Romaero SA 7 Aurelian Trifa 2021
Societatea Nationala a Sarii Salrom SA 5

Simona Fatu

Catalin Niculita*

Interim Board
Zirom SA 3 Toni Teau
Ionut Dragomir
Calin Metes*		 2024
2024
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 September 2020

[name] [value]
Listed Equities 18.09%
Unlisted Equities 71.65%
Net Cash and receivables* 10.26%

*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