The Bermuda Stock Exchange (BSX) yesterday announced the approval of the listing of shares in the Eastern Europe Energy Fund Ltd, which makes long term investments in companies operating in Eastern Europe.

The BSX will list 2 million Class A, Non-Voting participating redeemable shares of the British Virgin Islands-registered fund.

The investment objective of the Class A Shares, designated as E3-A Sub-Fund, is to seek over the long-term capital appreciation through investments in securities of companies having the bulk of their business activities located in Eastern Europe (Albania, Baltics, Bielorussy, Bosnia-Herzegovina, Bulgaria, Czech Republic, Hungary, Kosovo, Moldavia, Poland, Romania, Russia, Slovakia, Ukraine) and which are mainly active in the filed of energy production, energy distribution and energy services.