Petrom consultant to present plans next week
The consortium comprising Credit Suisse First Boston and ING Barings investment banks, the consultant appointed for the privatisation of SNP Petrom, will present its report on the company and recommendations for the privatisation strategy next week, sources involved in the company's privatisation say
The consortium comprising Credit Suisse First Boston and ING Barings investment banks, the consultant appointed for the privatisation of SNP Petrom, will present its report on the company and recommendations for the privatisation strategy next week, sources involved in the company’s privatisation say. The privatisation of SNP, the largest company listed on the Bucharest Stock Exchange has now reached the report drafting stage. The consultant’s report includes Petrom’s financial, legal, technical and environmental audit on the one hand and proposals for the best privatisation strategy on the other. This stage will be completed by March 13, as stated by Doru Laurian Badulescu, head of the Office for State’s Interests and Industrial Privatisation (OPSPI), part of the Industry and Resources Ministry, Petrom’s main shareholder. ZF
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