FP shareholders want money for shares

The Malaxa and Auschnit Families, the most important private shareholders of Fondul Proprietatea (FP), a fund established to compensate persons whose assets were confiscated by the communist regime, are planning to demand that the next Romanian government cash in their shares, if it continues to delay the signing of the fund’s management contract and its listing on the Stock Exchange, according to attorney Mark A. Meyer. The nominal value exceeds €230 million.