Romania: Fondul Proprietatea sold its stake in Conpet

Fondul Proprietatea, the Romanian closed-end fund managed by Franklin Templeton Investments, sold its entire stake in Conpet, a state-owned company operating in the field of crude oil transport and listed on the Bucharest Stock Exchange (BVB).

The company’s shares increased by 0.18 percent on Friday, at RON 112.6/share. Since the beginning of the year, the company’s shares rose by 13.08 percent, and in the past month they have declined by 3.1 percent.