News » December, 2010 » 14 December 2010
Konieczny, Templeton: Fondul Proprietatea has companies in its portfolio we would have never invested in
14.12.2010, 00:09 | Capital Markets | 916 views
Franklin Templeton manager plans to restructure the 3 billion-euro portfolio of Fondul Proprietatea (Property Fund) by selling its assets on the Stock Exchange or to strategic investors, which could leave the Fund with around 35 companies, half as many as it has now. The Fund currently has representatives in 20 of the companies in its portfolio, according to the fund's manager, Greg Konieczny. In order to compensate former owners, Fondul Proprietatea received stakes from the Romanian state, mostly minority interests in over 80 companies. Read more on ZF.ro
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