Templeton gets 4.3m euros for first three months of FP management - financiare.ro
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News » March, 2011 » 28 March 2011

Templeton gets 4.3m euros for first three months of FP management
28.03.2011, 13:40 | Capital Markets | 696 views

Franklin Templeton US group, the sole manager of Fondul Proprietatea (FP), collected 18.3m lei (4.3m euros) for the first three months of its mandate (September 29-December 29, 2010), shows the fund's annual report.

During this period, the manager prepared the Fund's floatation, filed a suit against the Romanian state and made the first moves in the fund's portfolio, through BRD-SocGen stock purchases.

Since September 29, 2010, FP and its assets worth around 3.8bn euros have been managed by Franklin Templeton US company through the Bucharest subsidiary.

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