Deadline To File Bids For Fondul Proprietatea Manager Extended By Jan 22

Fondul Proprietatea was set up in December 2005 to compensate Romanians whose properties were confiscated during the communist regime.

 

Fondul Proprietatea administrator will effectively take lead in April - May 2009, after receiving the approval from both the fund’s shareholders and the National Securities Commission, or CNVM.

 

The Fund received 28 letters of intent from the following companies: Morgan Stanley Investment Management; HSBC Bank Plc - HBEU (Great Britain); UBS, AG, Global Asset Management (Switzerland); Deutsche Bank (Germania); Intrinsic Value Investors (Great Britain); Goldman Sachs Asset Management (Great Britain); The Royal Bank of Scotland Asset Management (Great Britain); the consortium formed of Unicredit and Proctor Investment Managers; Morley Fund Management Limited (Great Britain); Stellar Asset Management in association with Bank Julius Baer&Co. (Switzerland); East Capital AB (Sweden); Barclays Capital (Great Britain); Franklin Templeton Investments Poland (Poland); Societe Generale Asset Management (France); BNP Paribas Asset Management (Austria); NCH Advisors (the United States of America); ING Asset Management (the Netherlnads); Allianz Global Investors and Allianz Investment Bank AG din Austria; BCR Asset Management (Romania); Raiffeisen Capital Management (Austria); Fortis Investments (Austria); Eurobank EFG Fund Management Company (Luxembourg) in partnership with Eurobank EFG Asset Management Investment Firm (Greece); Credit Suisse (Germany); Generali PPF Asset Management (the Czech Republic); Artio Global Management (the United States of America); OTP Fund Management (Hungary), JP Morgan and Blackrock.