Mark Mobius, executive chairman of Templeton Asset Managementand one of the most influential people of the financial markets,asks for reassurance that the foreign investors who will invest inFondul Proprietatea (Property Fund) will be treated "fairly andwith respect" by the Romanian Government, stating his willingnessto go to the International Monetary Fund and to the European Unionto make sure this is the case.
Just one week ahead of the listing of Fondul Proprietatea on theBucharest Stock Exchange, the Fund's managers want to ensure therights of foreign investors will be respected by the RomanianGovernment, which is still a significant shareholder, with 39% ofthe Fund.
"On Thursday we will get to London with the road show promotingFondul Proprietatea. If London investors invest in the Fund andbecome minority shareholders of the Fund, we need to ensure thatthe Romanian Government will respect their rights, and they willnot have to spend several years in court to get justice done. Moneytalks in Romania and we will follow the money. We are willing to goto the International Monetary Fund and to the European Union inorder to make the point that if Romania wants to have economicgrowth, it needs to treat foreign investors with respect," saidMark Mobius, executive chairman of Templeton Asset Management andone of the leading professionals involved in the management of the3.6 billion-euro assets of Fondul Proprietatea.
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