Romania's Fondul Proprietatea resumes selection of new fund manager at minority shareholders' request
A group of retail investors, along with three funds from Slovenia, imposed their position at the September 29 shareholder meeting of Fondul Proprietatea (FP), dismissing the head of the Board of Nominees and deciding to resume from scratch…
iulian ernst · Journalist
· Updated · 2 min read
A group of retail investors, along with three funds from Slovenia, imposed their position at the September 29 shareholder meeting of Fondul Proprietatea (FP), dismissing the head of the Board of Nominees and deciding to resume from scratch the procedures for selecting a new fund manager, scrapping the past procedures that resulted in the selection of ROCA FP.
Former head of the Board of Nominees, Ilinca von Derenthall, accused the Slovene funds of "hostile takeover," according to Bursa.ro.
