Russians win deal to oversee sale of 0.5 billion Euro in OMV Petrom
May 2011 - From the Print Edition
Russia’s Renaissance Capital-headed syndicate has won the deal to act as intermediary for the Ministry of Economy’s sale of an 9.84 per cent stake in oil and gas group OMV Petrom. Along with Renaissance in the syndicate are Greece’s EFG Eurobank Securities and Romania’s BT Securities and Romcapital. The deal, expected to goahead in the second half of 2011, should fetch up to 0.5 billion Euro for the state. The presence of the Russian company has implied to some experts that Russia’s oil and gas group Gazprom may be interested in the purchase. Majority-owned by Austria’s OMV, OMV Petrom is the largest company in Romania.
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