Mark Gitenstein has received a new term in the Committee of Shareholders’ Reps of Fondul Proprietatea
Shareholders of Fondul Proprietatea have decided to appoint former United States Ambassador to Romania Mark Henry Gitenstein as a member…
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Meyer, FP: Hidroelectrica needs political decision to get privatized; any acquisitions in Enel or CEZ would diminish its value
Bogdan Tudorache Privatization of Hidroelectrica needs a political decision, and so far we have seen uncertainty at government level, which…
Hidroelectrica: The net profit decreases by 8%, due to additional taxation
The turnover of Hidroelectrica increased, in the first semester (S1) 2019, by 17.9% compared to S1 2018, up to 2,349.3…
Mindrutescu withdrew from all positions held with FP
Under the investigation for bribe, CEO of Oracle, former chief of lobby groups such as Amercian Chamber of Commerce (AmCham)…
The Reverse of privatization: The state wants to buy shares from FP companies, doubling the taxpayer’s effort
Bogdan Tudorache Companies such as Salrom or Hidroelectrica could have more state-backed capital if a new emergency ordinance approves the…
Hidroelectrica risks losing RON 1 bln. following ANRE’s Order 10
Fondul Proprietatea warns of the dire consequences for Hidroelectrica’s profitability, and overall business performance, as a direct result of the…
CE Oltenia resumes the idea of privatization by listing about 15% of the shares
CE Oltenia resumes the idea of privatization by listing almost 15% of shares at the Stock Exchange, according to a…
Enel could sell minority interests alongside FP to large investment funds
Bogdan Tudorache After Fondul Proprietatea announced its intention to sell its stake in Enel in Romania, the investment funds interested…
Meyer: GEO 114 blocked negotiations on the sale of the FP package in Hidroelectrica
Fondul Proprietatea (FP) negotiated with some investors to sell 20% stake in owns in Hidroelectrica, but GEO 114/2018 blocked the…
Petrom employees could buy shares at the privatization price
The Government is obliged to implement a decision of the High Court of Cassation and Justice (ICCJ), according to which…
When interim governance it’s the new twisted “normal” (interview Johan Meyer, Fondul Proprietatea)
For the next three years, GEO 114/2018 has potential to have a significant negative impact on the performance of companies,…
Johan Meyer: Romania needs stable legislation, GEO 114 must be repealed, corporate governance instated
Romania has been blessed with an abundance of natural resources – gas, oil, hydro and also enough sunshine and wind,…
Fondul Proprietatea share price reaches the nominal value
Bogdan Tudorache Franklin Templeton announced that the Fund’s share price has reached a record high of RON 1.0150 on Thursday,…
FP announces closing contract of Mike Sommer
Fondul Proprietatea announced the departure of one of its directors, Mike Sommer, as of May 1. ”The Investment Manager announces…
Fondul Proprietatea requests extra-dividends from Nuclearelectrica; if approved, SNN will pay 92 million euro to shareholders
Until recently, we were accustomed to the Romanian state demanding additional dividends from the companies it manages. But this time…
Meyer, FP: GEO 114 affects the sale of Hidroelectrica, the Fund may sue the state
Bogdan Tudorache It is hard to believe that Fondul Proprietatea will sell the Hidroelectrica package, due to the price pressures…
Hidroelectrica recorded new record profit in 2018, says Fondul Proprietatea
Hidroelectrica recorded a new record profit of 1.55 billion lei in 2018, according to Fondul Proprietatea. “According to the preliminary,…
FP: ANRE’s order on regulated energy prices will lower state revenues, reduce investments and distort the market
Fondul Proprietatea announces that it expresses serious concerns about the highly detrimental impact on energy companies, investments in the energy…
Capping gas and power prices and the new charging regime may jeopardize Romania’s energy independence
Romania’s economy is now heading for an uncertain future, warns Johan Meyer, CEO Franklin Templeton Investments Bucharest. Unexpected tax changes…
Proposed fiscal measures are a ticking bomb for the Romanian economy
Fondul Proprietatea is highly concerned by the draft Government Emergency Ordinance (GEO) regarding fiscal and budgetary measures, published on 18…
