BUCHAREST, Feb 23 (Reuters) - The planned initial public
offering of Romanian state-owned hydropower producer
Hidroelectrica on the Bucharest Stock Exchange is seen happening
in May or June, board member Karoly Borbely said on Thursday,
flagging a later than expected period.
The IPO consists of shares belonging to investment fund
Fondul Proprietatea , run by investment manager Franklin
Templeton, the sole minority shareholder in Hidroelectrica. In
November, the fund said the listing was expected in April-May.
(Reporting by Luiza Ilie; Editing by Jason Hovet)
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