ASF Approves Biggest Tender Offer For Repurchase Of Fondul Proprietatea Shares

02.09.2017 By Ecaterina Craciun

Romania’s Financial Supervisory Authority (ASF) approved the biggest tender offer for the repurchase of shares issued by Romanian investment fund Fondul Proprietatea (FP). Franklin Templeton Investment Management, as Investment Manager of Fondul Proprietatea, wants to pay RON582.4 million in order to buy back 640 million shares.

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