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OMV: No Increase in Share on Petrom

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…

This article includes a total of 420 words.

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