Fondul Proprietatea: Selling 8pct of Petrom to employees a nightmare, since legislation not clear
Publicat:The gov't intent to sell up to 8 percent of the Petrom shares to its employees will be a complex process that will generate litigations to stretch on several years, since the legislation is not clear as regards the beneficiaries and what is exactly the percentage in shares, on Friday asserted in a press conference Johan Meyer, CEO Franklin Templeton Investments and Fondul Proprietatea Fund Manager.
"If such a transaction occurs, the Government will sell up to 8 percent of its shares at the privatisation's moment price. But the law is not clear over the percentage: it might be 8% or 0.1%.…
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