Mark Mobius, executive chairman of Templeton Asset Management and one of the most influential people of the financial markets, asks for reassurance that the foreign investors who will invest in Fondul Proprietatea (Property Fund) will be treated "fairly and with respect" by the Romanian Government, stating his willingness to go to the International Monetary Fund and to the European Union to make sure this is the case.
Just one week ahead of the listing of Fondul Proprietatea on the Bucharest Stock Exchange, the Fund's managers want to ensure the rights of foreign investors will be respected by the Romanian Government, which is still a significant shareholder, with 39% of the Fund.
"On Thursday we will get to London with the road show promoting Fondul Proprietatea. If London investors invest in the Fund and become minority shareholders of the Fund, we need to ensure that the Romanian Government will respect their rights, and they will not have to spend several years in court to get justice done. Money talks in Romania and we will follow the money. We are willing to go to the International Monetary Fund and to the European Union in order to make the point that if Romania wants to have economic growth, it needs to treat foreign investors with respect," said Mark Mobius, executive chairman of Templeton Asset Management and one of the leading professionals involved in the management of the 3.6 billion-euro assets of Fondul Proprietatea.
Mark Mobius, executive chairman of Templeton Asset Management and one of the most influential people of the financial markets, asks for reassurance that the foreign investors who will invest in Fondul Proprietatea (Property Fund) will be treated "fairly and with respect" by the Romanian Government, stating his willingness to go to the International Monetary Fund and to the European Union to make sure this is the case
