Lion Capital pushes Fondul Proprietatea to restart AIFM selection process

Reuters15:22

Lion Capital pushes Fondul Proprietatea to restart AIFM selection process

Lion Capital, which holds about 8.74% of Fondul Proprietatea, has asked to add items to the agenda of the fund’s 30/31 March 2026 shareholder meeting after accusing a Board of Nominees member of failing to follow a prior shareholder mandate to run a new selection process for an alternative investment fund manager. The request includes revoking board member Matej Rigelnik and setting detailed criteria, deadlines and a RON 500,000 budget for choosing a new AIFM and sole director, after the previous 150-day selection deadline expired. Lion Capital also asked Franklin Templeton International Services, the current sole director, to publish the amended convening notice and open a period for nominations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fondul Proprietatea SA published the original content used to generate this news brief on March 03, 2026, and is solely responsible for the information contained therein.

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