Fondul news

  • EL RO: On the EGSM of today, shareholders agreed to resume negotiations with Fondul Proprietatea for the acquisitions of the Fund’s minority stakes in distribution and supply subsidiaries and to increase the number of Board members from 5 to 7.
  • Resumption of talks with FP, which failed because on transaction price disagreements, was requested by a group of shareholders including Newtyn, ING and EBRD. Shareholders will meet again on December 14, 2015 to elect a new Board.

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