Brokers plan to present Fondul Proprietatea to 120 investment funds

Preparations for Fondul Proprietatea (Property Fund-FP) listing are on the finishing straight: documentation is about to be completed and the broker consortium that received the intermediation mandate has already set the calendar of the road show in the main European capital cities and is in talks for the introduction of global accounts and short selling for Fund share, so that the stock should be more accessible to foreign investors.

The floatation prospectus needs to be sent for approval to the capital market regulator by December 23, but the leader of the consortium, Raiffeisen Capital & Investment, expects the documentation to be submitted earlier.
Beside the floatation prospectus, a huge role in promoting the Fund abroad, as expectations are that major investment funds will discover the domestic stock market through FP, will be played by road shows. More precisely, for two weeks in January, the brokers, together with manager Franklin Templeton, are going to present and promote the Fund in front of more than 120 institutional investors of Bucharest, London, Paris, Frankfurt and Zurich.