Mark Mobius sees potential in energy, transport, postal services privatizations in Romania
Mark Mobius, the head of emerging markets for Franklin Templeton, who is perceived worldwide as an investment guru, believes the greatest potential in Romania can come from privatizing companies in the energy sector. The transportation sector also appears to have important potential in the long term, as do postal services, he writes in a recent post on his blog, where he usually covers the markets where he sees potential or comments the latest developments on some other markets.
“With our new office now set up in Bucharest, I am likely to visit Romania frequently in the future. I look forward to working toward unlocking value and finding opportunities in Romanian companies. Just as the Warsaw stock exchange is the hub for Central and Eastern Europe (CEE), we could perhaps see increased liquidity make the Bucharest stock exchange the hub for Southern Eastern Europe and thus foster the development of high value-added financial services in Romania' writes Mobius.
Franklin Templeton manages the assets of Romanian investment fund Fondul Proprietatea, which is expected to be listed on local and international stock market in the following year.
Read the entire blog post here: Privatization in Romania