Franklin Templeton to start legal action over Romgaz

Fund manager Franklin Templeton said it would take legal action against Romania for forcing energy firm Romgaz to make a donation to the state budget, adding the government had damaged investor confidence. Romgaz, Romania's main gas producer, is one of the holdings of Fondul Proprietatea, a 3.4 billion euro ($4.4 billion) fund created to compensate citizens whose properties were confiscated during communism and which is managed by Templeton.
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Source: Reuters