First clash between BSE and Templeton: Bucharest Stock Exchange wants FP all to itself - financiare.ro
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News » February, 2011 » 6 February 2011

First clash between BSE and Templeton: Bucharest Stock Exchange wants FP all to itself
06.02.2011, 22:22 | Capital Markets | 1217 views



The listing of Fondul Proprietatea (Property Fund-FP) on a foreign market is causing the first cracks in the relationship between the management of the Bucharest Stock Exchange (BSE), which does not want a new listing, and American group Franklin Templeton, which plans to bring the Fund to London, Warsaw or Vienna, giving assurances the Romanian market would not lose liquidity as a result.

Since winning the management term in the summer of 2009, Franklin Templeton disclosed plans to list Fondul Proprietatea on a foreign stock exchange after the Bucharest listing, citing the need to make shares more liquid.

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