Swiss capital just reported: * Local media mentions FP RO may sell its entire 19% stake in OMV Petrom (SNP RO) in the next few days according to uncited sources, local news website economica.net wrote today. * FP’s stake in SNP RO is currently valued at EUR 1.1bln (USD 1.4bln), that would be largest dealContinue reading “FONDUL PROPRIETATEA BUYBACK ACCELARATION?”
Hidden Gem in Paul Singer Portfolio
Summary: Investment sites that follow Paul Singer´s portfolio include only US listed securities. One of his largest positions therefore remains unnoticed. Elliot Associates owns 15.2% stake in Romanian restitution fund Fondul Proprietatea. Market value of the position is 550 mil USD. Fondul is the third largest (after HES and put on IWX) position in ElliotContinue reading “Hidden Gem in Paul Singer Portfolio”
Fit Investment Ideas 