Romanian Proprietatea Fund To Sell Energy, Gas Stock In 2012

Speaking at an event celebrating one year since the fund’s listing in Bucharest, Konieczny said an exact statement on the issue will be released at the right moment.

Fondul Proprietatea, set up in 2005 to compensate Romanians whose properties were seized during communism, is managed by Franklin Templeton Investments.

The fund owns important stakes in large energy and natural gas companies, including Enel Distributie Muntenia, GDF Suez Energy Romania, Nuclearelectrica, Hidroelectrica, OMV Petrom (SNP.RO), Transgaz (TEL.RO) and Romgaz.