Fondul Proprietatea celebrates 10 years since its listing on Bucharest Stock Exchange

Fondul Proprietatea celebrates the tenth anniversary of its listing on the Bucharest Stock Exchange. The decade marks a period in which Fondul Proprietatea has contributed to the development of the Romanian capital market, improving the corporate governance standards in SOEs and making constant efforts to create value for its shareholders.

Commenting on this key milestone, Piotr Rymaszewski, Chairman of Board of Nominees of Fondul Proprietatea said: “The Board of Nominees commends the efforts of Franklin Templeton as Fund Manager of Fondul Proprietatea over the past 10 years. The Fund has not only generated excellent returns for its shareholders, but has also, under the professional and diligent stewardship of the Fund Manager, made a significant contribution to the development of the capital market in Romania. The Fund Manager’s efforts to improve corporate governance and transparency at its investee companies have had a very positive effect on the local equity market. The Fund’s Board of Nominees, in cooperation with the Fund Manager, has led the way in this regard and it continues to believe that this unwavering focus will benefit all stakeholders well into the future.”

Commenting on the 10-year anniversary, Manraj Sekhon, Chief Investment Officer, Franklin Templeton Emerging Markets Equity said: “Fondul Proprietatea has proven to be a great success story for Romania, the Fund’s diverse range of partners, and Franklin Templeton as the manager. We greatly value the engagement and support of the Fund’s shareholders, co-shareholders in the portfolio companies, the Bucharest Stock Exchange, the Financial Supervisory Authority, and various other contributors in Romania. Another valuable partner has been the London Stock Exchange, where the Fund had its successful secondary listing. We continue to have great faith in the long-term potential of Romania and are looking forward to further partnership with the new Government to deliver more years of success. Importantly, Fondul also provides a useful model for other countries to help build true long term social and economic sustainability, with the collaboration of many stakeholders.”

Johan Meyer, CEO of Franklin Templeton Investments Romania and Portfolio Manager of Fondul Proprietatea added: “I strongly commend the commitment, dedication, and resourcefulness of the Franklin Templeton team in Bucharest, who have navigated numerous challenges with resilience and determination. The push for positive changes across the Fund’s portfolio companies has unlocked significant value over the past decade. It has been a rewarding journey, in which the team has innovated, opened new avenues, and helped contribute meaningfully to the progress of the local capital market. We thank all our partners for their outstanding collaboration and support over the years. We look at the future with excitement, optimism and achieving continued success in Romania.”