Energy
Economy Minister Confident Petrom SPO Will Be A Success
Romanian Economy Minister Ion Ariton Tuesday estimated the state’s secondary offering in dominant oil company OMV Petrom (SNP.RO) will be entirely subscribed over the next days, saying he wa...
Rompetrol Rafinare Starts Final Phase Of Capacity Boost At Petromidia
Romanian oil company Rompetrol Rafinare (RRC.RO), part of Rompetrol group, Tuesday said it has started the final phase of a project meant to increase crude processing capacity at the Petromi...
Petrom SPO To Be Resumed Next Year In Case Of Undersubscription
The secondary listing of a 9.84% stake in oil company OMV Petrom (SNP.RO) will only be resumed next year if the state fails to sell at least 80% of the shares at the minimum price, Finance M...
Gazprom Approaches Rompetrol To Buy Romanian Gas Stations
Serbian oil company NIS, owned by Gazprom, approached Rompetrol two months ago, with a proposition to buy the group’s Romanian gas station network, but the offer was declined.
Romania Sets Minimum Price At RON0.3708/Share In Petrom Offering
The Romanian government on Tuesday set a minimum price of 0.3708 lei (EUR0.087) a share in a secondary offer through which it wants to sell 9.84% of oil company OMV Petrom (SNP.RO), Economy...
Small Investors Hardly Interested In Subscribing Petrom Shares
More people were interested in buying or selling foreign currency and collecting their pensions on Monday than standing in line at those bank wickets where they can subscribe to the largest...
Heating Boiler Sales Back To Double-Digit Growth
After 2009, when sales of heating boilers went down by more than 30%, the market returned to two-digit annual growth hardly ever seen in the construction industry after the onset of the cris...
Renaissance Head: We Can Consider Petrom Offering Successful If It Makes Front Page News In FT
Stephen Jennings, who runs Renaissance Capital, Russia’s largest investment bank and the lead manager of the OMV Petrom (SNP.RO) offering, Saturday said that for him the success of the deal...
Hanalei Eyes Renewable Energy Projects Worth EUR35M In Romania
French investment fund Hanalei Finance will start construction on several renewable energy units in Romania, most likely in 2012, with an overall investment of EUR35 million, company officia...