The decision came since securities regulator CNVM decided he cannot hold both positions, in BVB and in the Proprietatea fund.
Franklin Templeton, which manages the Proprietatea fund, is one of the largest BVB shareholders, with a 5% stake.
Capital Market
Grzegorz Konieczny Resigns BVB Position
The Fondul Proprietatea (FP.RO) representative in the Managing Board of Bucharest Stock Exchange operator BVB (BVB.RO), Grzegorz Konieczny, gave up his position within BVB.