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Fondul Proprietatea S.A.

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Last Post: 10/21/2016 9:57:24 AM - Followers: 1 - Board type: Free - Posts Today: 0
Fondul Proprietatea is a joint stock company operating as a closed-end investment company (Alternative Investment Fund) without a set lifetime, incorporated in Romania, trading on the Bucharest Stock Exchange since January 2011.

The fund manager is Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch.

Romania is the only country in Eastern Europe where it is attempted to find a solution for restitution – at its actual value – of the property confiscated by the previous communist governments.

The establishment of an efficient and quick system to grant equitable compensation was necessary, taking into account the legislative frame regarding the juridical regime applicable to nationalized real estates and the complexity of the problems which occur in practice – especially when restitution in kind is not possible.

Fondul Proprietatea was established in 2005 to assure the financial resources necessary to compensate the persons abusively expropriated.

Following the fulfillment of specific phases strictly determined by law, holders of compensation titles have become shareholders of the Fund.

The compensation has been made in shares, representing the actual value of the real estates which are not given back in kind.

The Fund's investment objective is long term capital appreciation via investments primarily in Romanian equities with strict adherence to the principles of value investing. The portfolio is heavily weighted in the Power, Oil and Gas sectors (84% of NAV) through a number of listed and unlisted, privately-held and State-controlled entities.

Fondul Proprietatea's shares are traded on the Bucharest Stock Exchange since 1/25/11 (FP), and on the London Stock Exchange 4/29/15 (FP.).
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#14   Citi Appointed Depositary Bank for OMV Petrom’s GDR Enterprising Investor 10/21/16 09:57:24 AM
#13   Romanian Fondul Proprietatea reduces share capital by almost Enterprising Investor 10/13/16 11:42:30 PM
#12   Greg Konieczny: Romania, the most attractive border market Enterprising Investor 10/13/16 11:39:46 PM
#11   Fondul Proprietatea to proceed with a partial sale Enterprising Investor 10/13/16 11:37:07 PM
#10   June 2016 Factsheet Enterprising Investor 07/21/16 09:35:50 AM
#9   Fondul Proprietatea salutes the appointment of Salrom's new Enterprising Investor 07/21/16 09:33:58 AM
#8   Resuming the public tender offer process in relation Enterprising Investor 07/21/16 09:27:14 AM
#7   Execution of a credit facility with BRD Groupe Enterprising Investor 07/21/16 09:24:44 AM
#6   Fondul Proprietatea head: Hidroelectrica and OMV Petrom should Enterprising Investor 07/21/16 09:20:43 AM
#5   Romanian Fondul Proprietatea sells stakes in E.ON’s local Enterprising Investor 07/21/16 09:18:10 AM
#4   Disposal of E.ON Distributie Romania S.A. and E.ON Enterprising Investor 07/21/16 09:13:45 AM
#3   Fondul Proprietatea welcomes the insolvency exit of Hidrolectrica Enterprising Investor 07/21/16 09:11:04 AM
#2   Notification regarding the transactions performed during the buy-back Enterprising Investor 04/30/16 11:37:21 AM
#1   Sale of 22,542,960 existing shares in S.N.G.N. ROMGAZ Enterprising Investor 04/30/16 11:36:10 AM
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