What Does Templeton Plan To Do With The Stock Repurchased By Fondul Proprietatea?

06.20.2011 By Roxana Pricop

Franklin Templeton, the manager of the EUR4 billion assets of Fondul Proprietatea (FP.RO), plans to cancel all the 66.7 million shares the fund has so far repurchased from the Bucharest bourse to support the stock value. Proprietatea shares are currently trading at a 55% discount.

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Keywords:: FONDUL PROPRIETATEA; , FRANKLIN TEMPLETON; , STOCK

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