Romania Fondul Proprietatea completes second buy-back programme
BUCHAREST Dec 19 (Reuters) - Franklin Templeton, the manager of Romanian restitution fund Fondul, said it completed its second buy-back programme through daily purchases on the bourse and a tender offer, worth an overall 962.6 million lei ($295.64 million).
The fund launched its buy-back programmes earlier this year, with daily purchases of shares from the bourse, in an attempt to lower its share capital and narrow the discount between its net asset value and its stock price.
For more details, please see ($1 = 3.2560 Romanian lei) (Reporting by Ioana Patran; Editing by Luiza Ilie)
- Police hunt for motive as search for Malaysian jet spans hemispheres |
- Crimeans vote over 90 percent to quit Ukraine for Russia |
- Ukraine, Russia agree Crimea truce until March 21-Ukraine minister
- Malaysian PM says lost airliner was diverted deliberately |
- Democrats seek ways to limit Obamacare fallout after Florida defeat