Romania: Fondul Proprietatea sells 2.5% of OMV Petrom

Fondul Proprietatea sells by private placement a package ranging from 1.45 billion shares of OMV Petrom, now worth 424.57 million lei (92.32 million euros).

The offer will be addressed to institutional investors and mediated by a consortium of Goldman Sachs, Wood & Co. and BCR. Members of the general public are not eligible to participate in this transaction.

The 1.45 billion shares sold as a starting point represent almost one-fifth of the Fund’s shareholding of 7.11 billion, equivalent to 12.56% of the share capital. At today’s closing price of 0.2920 lei / share, the value of the put up for sale amounts to 424.57 million lei (92.32 million euros).

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