FP head: We want to take the market by surprise, to be a kind of Central Bank with FP shares - financiare.ro
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News » February, 2011 » 4 February 2011

FP head: We want to take the market by surprise, to be a kind of Central Bank with FP shares
04.02.2011, 12:04 | Capital Markets | 1327 views

Greg Konieczny, manager of Fondul Proprietatea (FP) and one of the most influential professionals on the domestic capital market, is speaking for the first time about how the Fund will repurchase stock from the market. The stake of this operation is huge, so that the managers, just like the major Central Banks, are betting on the surprise element to support FP share price.

Technically, FP, managed by Britain's Franklin Templeton, can repurchase its shares from the market up to a cap of 1.377 billion shares, accounting for 10% of the capital, worth around 200m euros, at current prices.

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