09.23.2014

Shareholders of Romanian investment fund Fondul Proprietatea (FP.RO) decided Tuesday to renew the mandate of Franklin Templeton as sole manager of the fund for a 2-year period starting with September more

09.19.2014

The shareholder structure of Fondul Proprietatea (FP.RO), which has EUR3.3 billion assets, is one of the best-kept secrets on the Bucharest stock market. more

09.16.2014

Fondul Proprietatea (FP.RO) has chosen US’ Goldman Sachs and Austria’s Erste Bank to help it find buyers for a significant OMV Petrom (SNP.RO) stake, market sources say. more

09.15.2014

Romanian investment fund Fondul Proprietatea (FP.RO) reported a net profit of 1.01 billion lei (EUR226.6 million) in August, down by RON6 million from the previous month but almost double from more

08.14.2014

Romanian investment fund Fondul Proprietatea Thursday said its net profit fell 4.6% to 1.015 billion lei (EUR228.7 million) at the end of July, from a record high profit of RON1.06 billion in the more

07.25.2014

Romanian investment fund Fondul Proprietatea (FP.RO) on Friday said it has completed a third share repurchase program under which it bought back 2.02% of its paid share capital in exchange for 205.46 more

07.15.2014

Romanian investment fund Fondul Proprietatea (FP.RO) Tuesday said its net profit almost doubled to a record level of 1.064 billion lei (EUR240 million) in the first half of the year, following the more

07.15.2014

US hedge fund Elliott, run by Paul Singer, called the Wall Street vulture, has gained 1.2 billion lei (EUR270 million) on Proprietatea Fund stock in the past four years. more

07.10.2014

Fondul Proprietatea (FP.RO) is getting ready to sell its shares in oil transmission company Conpet Ploiesti (COTE.RO) worth 125 million lei (EUR28 million), market sources say, following the sale of more

07.09.2014

Romanian investment fund Fondul Proprietatea (FP.RO) has raised 212.7 million lei (EUR48.5 million) from selling its stake of 13.5% in state-run power grid operator Transelectrica (TEL.RO) via an more

07.08.2014

Romanian investment fund Fondul Proprietatea (FP.RO) plans to sell its 13.5% stake in state-run power grid operator Transelectrica (TEL.RO) via an accelerated bookbuild, the fund said Tuesday. more

06.19.2014

Romanian investment fund Fondul Proprietatea (FP.RO) sold dollar-denominated global depositary receipts, or GDRs, in state-run natural gas producer Romgaz Medias (SNG.RO) worth 212.12 million lei more

06.17.2014

Romanian investment fund Fondul Proprietatea (FP.RO) has raised 644.6 million lei ($198.6 million) from selling a stake of 4.99% in state-run natural gas producer Romgaz Medias (SNG.RO) via an more

06.16.2014

Romanian investment fund Fondul Proprietatea (FP.RO) on Monday launched an accelerated bookbuild offering to sell 4.99% in state-run natural gas producer Romgaz Medias (SNG.RO), a stake valued at 685 more

06.13.2014

Romanian investment fund Fondul Proprietatea (FP.RO) Friday reported a net profit of 557.1 million lei (EUR126.7 million) at the end of May, versus losses a month earlier, largely fueled by dividends more

06.04.2014

Romanian energy holding CE Oltenia says it’s trying to set up an electricity trading company but it is facing difficulty as Fondul Proprietatea (FP.RO), the company’s minority shareholder, is more

05.15.2014

Romanian investment fund Fondul Proprietatea on Thursday reported a loss of 51.53 million lei (EUR11.6 million) for the January-April period, narrower from around RON79 million at the end of the first more

05.09.2014

Foreign corporate investors lowered their holdings in Romanian investment fund Fondul Proprietatea (FP.RO) to 53.98% in April, from 54.3% a month earlier, the fund said in a stock exchange filling more

04.29.2014

A sale of a significant stake in OMV Petrom (SNP.RO) by Fondul Proprietatea (FP.RO) is in its early stages and will not happen any time soon, according to Franklin Templeton, the manager of the fund. more

04.28.2014

State-run hydropower producer Hidroelectrica’s planned offering of a 15% stake in Bucharest will likely take place next year, once the company completes an insolvency process, according to estimates more

04.28.2014

Romanian investment fund Fondul Proprietatea’s manager Grzegorz Konieczny on Monday estimated the best moment to list the fund’s shares in London would be in September-October. more

04.28.2014

Romanian investment fund Fondul Proprietatea (FP.RO) is negotiating the acquisition of a minority stake in state-owned electricity distributor SC Electrica SA in exchange for its holdings in four of more

04.28.2014

Romanian investment fund Fondul Proprietatea (FP.RO) on Monday approved a proposal lodged by fund manager Franklin Templeton Investment Management for a secondary listing of the fund’s shares on the more

04.16.2014

Romanian investment fund Fondul Proprietatea (FP.RO) proposed that the shareholders of state-run oil transporter Conpet Ploiesti (COTE.RO) should get higher dividends from last year’s profit, as more

04.15.2014

Romanian investment fund Fondul Proprietatea Tuesday reported a loss of roughly 79 million lei (EUR19 million) for the first quarter, sharply wider from RON5.57 million in the year-earlier period. more