| From Zf.ro: KBC Securities, the biggest brokerage firm on the Bucharest Stock Exchange by traded value, has assessed the Property Fund (Fondul Proprietatea) at 16 billion RON (some 4.4 billion euros) or 1.13 RON/share, 88% more than the price at which the fund's shares are currently trading, approximately 0.6 RON/share.
This is the first valuation of the Property Fund ever done by a brokerage firm given that its floatation is expected for the first half of 2009. The report comes at a time when a series of major foreign investors have expressed interest in this business. US investment firm Cartesian Group bought 2.85% in the Property Fund a little while ago, and thus became its most important minority shareholder. .... Full Article: Source
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