OMV: No Increase in Share on Petrom

Businessn.a. ♦ Published: April 27, 2011; 06:20 ♦ (Vindobona)

The Austrian energy company OMV will not participate in OMV Petrom secondary public offering.

OMV: No Increase in Share on Petrom / Picture: © Wikimedia Commons / Priwo [Public Domain]

The Romanian state intends to sell a 9.84% stake of OMV Petrom via the stock exchange. OMV, as owner of a 51% stake in OMV Petrom, decided not to take part in this process, i.e. not to submit a bid for the available stake

OMV, an Austrian energy Group operating in Central and Southeastern Europe, announced its decision not to participate in the OMV Petrom S.A. secondary public…