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Reuters:Romania's Fondul Proprietatea to launch share buyback on March 27

Franklin Templeton, the manager of Romanian investment fund Fondul Proprietatea said on Tuesday it aims to launch a third buy-back programme of 10 percent of its issued share capital on March 27. The programme should cost at least 50.6 million lei ($15.60 million). The $4.6 billion fund launched its buy-back programmes in an attempt to lower its share capital and narrow the discount between its ...

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