Top oil carrier listed on RASDAQ

Conpet Ploiesti, Romania’s largest oil carrier via pipelines, will have its shares traded on RASDAQ electronic market as of Wednesday, August 4.sleadnedt The company will be traded at the Base Category under the COTE symbol. This is the most important floatation this year. Conpet’s share capital reaches 270.7bn ROL, divided among over 8.2 million shares, whose par value reaches 33,000 ROL. The company has 26,536 shareholders, both individuals and companies, and is controlled by the Ministry of Industry and Trade, which owns 77.6% in it. The most significant minority shareholder is SIF Muntenia, which holds 9.4%. The remaining 12.9% are held by other shareholders, largely individuals that got their shares following the Mass Privatisation Programme. Conpet is the operator of the National Crude Oil, Petroleum Products, Gasoline and Ethane Pipeline Transportation System. It supplies refineries in the country with Romanian or imported crude oil and derivates and carries the finished products from refineries to storage stations. ZF