The two largest Dutch pension fund that invested in stocks Facebook, could lose millions of euros due to lower prices of securities of the world's largest social network, wrote on Monday, Dutch edition Financial Dagblad.
We are talking about pension funds ABP (Stichting Pensioenfonds ABP) and PGGM (Stichting Pensioenfonds Zorg en Welzijn).
Conclusions edition makes on the basis of U.S. regulators about the shareholder structure of the Internet company, Thus, according to the publication, the fund APB owned 330.5 thousand shares of Facebook at the end of June. Fund PGGM belonged to 316.226 thousand shares.
Have not commented on the publication of data on losses from the investment funds.
"It is not in our interest and in the interest of our customers — to provide such information," — said the publication of the fund PGGM.
At the same time, notes the Financial Dagblad, investment funds in shares of Facebook is not very high on the scale of the total investment organizations: it a total of about 20 million euros, while the share of the APB in the capital of Apple, for example, is about 1 billion dollars at current prices.
Last week the price of Facebook shares on the Nasdaq reached a historic low of 19 dollars, which is half the price an initial public offering (IPO). At the closing of the exchange on Friday, Facebook shares were worth 19.05 dollars for a security — by 4.13% from the previous day's close.
Affect market conditions could the fact that the moratorium expired on Thursday to sell 271.1 million shares of Facebook for early investors and employees of the social network. This is about a 60% increase in the volume of shares that may be involved in the transactions.