Petrom, the largest company on the Romanian market, which
deals in petroleum and gas, is continuing the process of
outsourcing its non-core assets, by putting up for sale five motels
that cumulate 77 rooms in all. The company’s strategy of
eliminating these non-core assets has been announced on several
occasions, with Petrom dropping both its hotels, and other
businesses, such as the Carpatina mineral water business, when it
was privatised. Now, the list of assets put up for sale includes
the natural gas transmission business, as well as the petrochemical
operations. The five motels that Petrom is putting up for sale are
located in Giurgiu, on the Bucharest-Pitesti motorway, in Prahova
county, one hotel is in Sibiu, and another one in Odorheiu
Secuiesc, Harghita county. Company representatives did not specify
what the starting price for the auction will be, saying that the
sales would be concluded at market prices. Appraisals in the hotel
industry are rather difficult to make due to the very low number of
transactions conducted on this segment. “The five motels are active
individually, each with its property deeds, and will be sold as
such. If the terms are acceptable, we do not rule out a package
deal. There is no minimum price. We intend to get the market price,
as set by authorised appraisers ANEVAR (The National Association of
Romanian Appraisers),” say Petrom representatives.

Subiecte #gas#Petroleum#petrom