Intercapital Investment Management, Intercapital's managementdivision, will list a closed-end investment fund on the StockExchange for the first time, iFond Financial Romania, whose assetswill be 50% made up of shares of Fondul Proprietatea (PropertyFund) at first, with the other half being financial sectorshares.
The listing of the Fund is the most awaited event of the lastfew years on the Romanian capital market, and those wishing to takeadvantage of the moment will be able to do so through iFond.
"We may witness a succession of favourable events for FondulProprietatea 6-9 months from now: Templeton's officially takingover at the helm of the fund, the distribution of dividends, andperhaps the most awaited event, the fund's Stock Exchange listing,all having a positive impact on the Fund's shares," says AdrianLupsan, deputy general manager of Intercapital Invest, which holds99% of the shares of the company that manages iFond Financial.
This is the first IPO on the Stock Exchange this year, with suchoperations being very rare on the Romanian market.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
