Franklin Templeton

At the Fund’s General Shareholders’ Meeting (GSM) organised today, the shareholders of Fondul Proprietatea approved the key terms for a new administrator mandate for Franklin Templeton International Services S.À RL for a period of two…

Franklin Templeton International Services S.À R.L., as Alternative Investment Fund Manager and Sole Director (“Fund Manager”) of Fondul Proprietatea S.A. (“The Fund”) expresses its extreme dissatisfaction with the possibility that the…

Franklin Templeton International Services S.À R.L., Sucursala București, (“FTIS”/”Franklin Templeton Bucharest”), in its capacity of Alternative Investment Fund Manager of Fondul Proprietatea S.A. (“the Fund”), is pleased to announce the…

Franklin Templeton International Services S.À R.L, in its capacity as alternative investment Fund Manager and sole director (the “Fund Manager”) of Fondul Proprietatea S.A. (the “Fund”), informed that Steven van Groningen had resigned from…

Fondul Proprietatea (Property Fund) has reacted to the recent announcement by the Finance Ministry regarding the intention to cap the gas price at RON 55/Mwh for the domestic production until June 30, 2021. In a release on Friday, the fund…

Franklin Templeton, the Investment Manager of Fondul Proprietatea (FP) has informed the shareholders that it has initiated a competitive process aimed at potential disposals of the Fund’s holdings in E-Distributie Muntenia S.A (formerly…

Fondul Proprietatea (FP) has signed a Memorandum of Understanding with Electrica for the disposal of the Fund’s holdings in Electrica subsidiaries, namely SDEE Distributie Muntenia Nord, SDEE Distributie Transilvania Sud, SDEE Distributie…

Real estate developer Globe Trade Centre (GTC), whose majority shareholder is US giant Lone Star, completed the sale of its last shopping center owned in Romania, Galleria Arad, for EUR 2.1 million, according to company’s report. GTC was…

For Franklin Templeton, the adminstrator of Fondul Proprietatea (FP), Romania is the most attractive market among frontier countries in Eastern Europe. According to Greg Konieczny, Executive Vice President, Templeton Emerging Markets…

During May 16 – 20, Fondul Proprietatea (FP) purchased 5.4 million GDRs (Global Depositary Receipts) for RON 3.9 million in a buy-back programme, according to information published on the Bucharest Stock Exchange (BVB). There are 639.9…