At the end of 2020, Fondul Proprietatea sold in a special transaction of 237.7 million lei almost 4.7% of Nuclearelectrica (SNN). In a press conference of the Fund on Wednesday, ZF asked what were the reasons for liquidating one of the oldest holdings and how the proceeds from the sale will be invested.
“Selling in one big transaction was an opportunity at the time. What will we do with the money? We will continue to have a clear discount control mechanism, so that money will be used to provide returns to shareholders through the mechanisms we have at our disposal. Share repurchases can be accelerated, “said Johan Meyer, FP administrator.
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