Franklin Templeton

The gov't intent to sell up to 8 percent of the Petrom shares to its employees will be a complex process that will generate litigations to stretch on several years, since the legislation is not clear as regards the beneficiaries and what is exactly the percentage in shares, on Friday asserted in a press conference Johan Meyer, CEO Franklin Templeton Investments and Fondul Proprietatea Fund Mana

Ukraine said on Aug. 27 it had reached a crucial debt restructuring deal that will see lenders accept a 20-percent write-down and keep global markets open to the cash-strapped ex-Soviet state.

Fondul Proprietatea, a closed-end fund managed by Franklin Templeton, is set to be listed on April 29 on the London Stock Exchange, LSE, in a move to attract new investors to Romania.

Fondul will pay some 4.2 million euro for its secondary listing on the Stoke Exchange, according to the listing prospectus.