The fund now holds 5.18 million shares in the financial investment company, from 5.65 million shares, according to a filing to threshold notification to Bucharest Stock Exchange.

SIF Moldova posted a first-quarter after-tax profit of 10.55 million lei (€2.56 million), 2.5-fold higher than the same period of 2009. The company projected a 54.8 million lei profit for this year, 46% below year-ago level.

SIF Moldova has a share capital of 5.19 million lei, divided into 519.08 million outstanding shares with a face value of 0.10 lei. The financial investment company has a market value of 511.3 million lei (€120.7 million) according to latest closing quote of 0.985 lei/share.