BUSINESS

Lobby for Fondul Proprietatea in major European capitals

The officials of Franklin Templeton Investment Manager, the administrator of Fondul Proprietatea (FP), are embarking on a “pilgrimage” to the European capitals, this month, and “to certain locations outside Europe in July,” to persuade the major investors to buy FP shares, Money.ro reports. The stake is boosting FP’s market value. The group’s representatives have planned over 40 meetings with institutional investors such as pension funds and hedge funds (high-risk), with exposure on the emerging or borderline markets. Most meetings will take place in London, Stockholm, Frankfurt, Paris and Warsaw.

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