Rompetrol became the actual owner of Petromidia after having issued the money order for the entire 69,991% stock two days ago, the head of the Privatisation Restructuring Department within the Authority for Privatisation and Administration of State’s Participation, Gheorghe Pasca stated yesterday in Constanta.
“I for one think the sum (approximately $50 million) paid for Petromidia is not important, because if the refinery is not back in line soon, it can easily go bankrupt.
The new thing is that if the investments stipulated are not made, the contract is terminated. Therefore, it’s the investment volume that really counts,” Pasca said.