November 24, 2017

Petrom Shares Bought In Bulk By Franklin Templeton

The administrator of Fondul Proprietatea (FP), Franklin Templeton Investments, purchased on behalf of investment funds other than FP, many OMV Petrom shares with a value amounting to over RON 3.7 M (over EUR 900,000) this month alone and to RON 1 M in the course of last week. Fondul Proprietatea reached the maximum limit of Petrom shares it can own. For this reason, the funds managed by Franklin Templeton Investments “might take part in the secondary bid in which the Government will sell some of the OMV Petrom shares,” Mark Mobius, the executive chairman of the Templeton Emerging Markets Group, which administrates FP, stated recently.

Source of the news: Nine o’clock (Read More)

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