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SIF Transilvania eyes oil, petrochemical and energy sectors in 2011

08.03.2011, 22:17 29

SIF Transilvania financial investment company has a 61million-lei (14.5 million-euro) investment budget it wants totarget mainly at stock exchange listed oil and energy companies.

"We are only interested in listed companies with a medium-termgrowth potential of two to three years, in the oil, petrochemicalsector, in the sectors to do with energy resources, drugs and thefood industry," specified Mihai Fercală, chairman of SIFTransilvania (SIF3).

The oil and energy sectors are almost completely absent from theportfolio of the financial investment company, with thefinancial-banking sector accounting for 53% of the asset value atthe end of 2010, followed by tourism assets, with 23.2% andindustry, with 10.4%.

SIF Transilvania last year bought 0.36% in Fondul Proprietatea(Property Fund), which mainly has energy companies in itsportfolio. SIF Transilvania also bought a 1.4% stake inProspecţiuni Bucureşti (PRSN), which provides services in the oiland gas sector, as well as a 2.85% stake in stock exchange operatorSibex Sibiu (SBX) in 2010.

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