London listing for Romania’s Fondul Proprietatea

Romanian investment fund Fondul Proprietatea aims for a secondary public listing in London in December, and hopes to receive the OK from its shareholders for another share buyback, said Greg Konieczny, fund manager and executive vice-president of Templeton Emerging Markets Group, quoted by Reuters. Preparations for the secondary listing are ongoing, as in previous statements, Franklin Templeton said it was aiming for a September- October listing. However, it still needs an approval from the Romanian Financial Surveillance Authority – ASF. The fund had a USD 3.29 billion stock market capitalization on the Bucharest Stock Exchange late last week. Source:
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