Fondul Proprietatea Initiates Process of Delisting from London

US’ Franklin Templeton, Fondul Proprietatea manager, has initiates the process of delisting GDRs from the London Stock Exchange because of their low liquidity there and the fact that, as the manager says, listing on the LSE has reached its purpose as liquidity appears to have flowed back to the local market due to the broadening of the foreign institutional investor base active in Romania.