Petrom Sells LPG

Businessn.a. ♦ Published: June 29, 2012; 12:07 ♦ (Vindobona)

In order to optimize the R&M portfolio, the Romanian subsidiary of Austrian OMV sells its bottling plant to Crimbo Gas International. The price was not disclosed.

Petrom Sells LPG / Picture: ©

Petrom sold its 99.99% stake in the subsidiary Petrom LPG SA to Crimbo Gas International. The decision taken by Petrom’s Supervisory Board is in line with the strategy of Petrom and OMV Group to optimize the R&M portfolio in order to improve efficiency, thus contributing to the sustainable performance necessary for growth. Parties have agreed not to disclose the transaction value.…