The Romanian State will sell 33.34% in SNP (National Oil Company) Petrom, Romania’s largest company, directly to a strategic investor. The sale will be followed by a capital increase, for the investor to attain a 51% stake, according to the recently endorsed privatisation strategy. “The State will sell 33.34% in Petrom directly to the investor. The privatisation terms and conditions will be made public by August 15, as the privatisation ad must be run in the domestic and international press by that time,” Constantin Nedelcu, deputy director of the Office for State Shareholding and Industry Privatisation (OPSPI) told Ziarul Financiar. ZF
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Petrom privatisation ad by August 15
The Romanian State will sell 33.34% in SNP (National Oil Company) Petrom, Romania's largest company, directly to a strategic investor. The sale will be followed by a capital increase, for the investor to attain a 51% stake, according to the recently endorsed privatisation strategy