Konieczny said the fund is willing to collaborate with ASF to jointly find a solution for the fund’s secondary listing in the upcoming weeks, adding that such a listing will mean the attracting of numerous foreign institutional investors in the fund and implicitly in Romania.
Last week, ASF decided not to approve the regulation draft allowing the floating of issuers listed on Romanian stock markets on a market in another EU member state via the use of depositary interests, without providing further details.
The approval of the regulation was a last step necessary for Fondul Proprietatea to start procedures for a secondary listing of the fund’s shares on the London Stock Exchange, in accordance with shareholders’ decision in April.
In April, Konieczny said that the best moment for the London listing would be in September-October, although the deadline would be by the end of the year.
Fondul Proprietatea was set up in 2005 to compensate Romanians whose properties were seized during communism. The fund was listed in Bucharest in January 2011.