Mark Mobius: We will follow the money to ensure foreign investors are treated with respect
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.