Fondul Proprietatea to sell 6.4 percent of OMV Petrom

omvFondul Proprietatea is to sell 6.4 percent of OMV Petrom,representing 3.6 billion shares at a maximum price of RON 0.244 per share. The move was approved by the Financial Supervisory Authority (ASF) on October 5, according to

The subscription price for retail investors will go to up to a maximum price of RON 0.244/share, and up until the maximum price of maximum USD 9.16/GDR. Public sector investors will be able to buy them at any price up until the maximum price.

The period covered is October 6-13 and the intermediary Goldman Sachs International, with BCR, Erste Group Bank and Wood&Company Financial serving as international managers.

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