Fondul Proprietatea to sell 6.4 percent of OMV Petrom

Fondul 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 Business-Review.eu.

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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