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The Property Fund welcomes the appointment of the new Board of Directors of Salrom and expects a quick decision to list

Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, as investment administrator of the Property Fund (the "Fund") welcomes the appointment of a new Board of Directors at Salrom, in accordance with corporate governance principles established by Government Emergency Ordinance ( "GEO") 109/2011.

The decision was adopted by the General Meeting of the Shareholders held on 8 July.


"We would like to congratulate the Ministry of Economy for the successful appointment of a new Board of Directors at Salrom through a transparent process in accordance with corporate governance standards set by GEO 109/2011. We hope that the new board will quickly select a new CEO, who should propose and implement a plan for sustainable development, including a strategy on medium and long term, as well as improve financial results " said Greg Konieczny, Portfolio Manager of the Fund.


For more information, please see the Romanian version of the article, here.

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FONDUL PROPRIETATEA SA