“The approval of the renewal of the mandate of Franklin Templeton International (…) as sole director of Fondul Proprietatea that acts also as the alternative investment fund manager of Fondul Proprietatea, for a duration of four (4) years starting with April 1, 2024, and until March 31, 2028,” it said in a report to the Bucharest Stock Exchange.
Fondul Proprietatea shares have lost 6% on a traded volume of RON1.3 billion this year. In comparison, the BET index has gained 10% so far. It is valued at some RON12 billion.
(English version by Loredana Fratila-Cristescu)