Romania's Fondul Proprietatea sells its entire stake in Transgaz

BUCHAREST Thu Dec 12, 2013 2:28am EST

BUCHAREST Dec 12 (Reuters) - Franklin Templeton, the manager of Romanian restitution fund Fondul Proprietatea , said it sold its 15 percent stake in state-owned gas grid operator Transgaz on the Bucharest Stock Exchange.

The fund sold 1,764,620 share in Trangaz for 172 lei per share, raising a total of 303.5 million lei ($94 million)according to Reuters calculations. (Reporting by Ioana Patran; Editing by David Holmes)

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