PETROM
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Government To Refund Petrom For EUR600M Eco-friendly Works Until 2034
Romanian leading oil company OMV Petrom (SNP.RO) is poised to receive EUR600 million from the state for ecological works at its units until 2034, Chief Executive Officer Mariana Gheorghe sai...
OMV Petrom: Romanian Consumption To Pick Up In 2H
Romanian macroeconomic outlook remains favorable for the second half of 2011, with domestic consumption bound to pick up toward year-end, according to estimates of dominant oil company OMV P...
OMV Petrom 2Q Net Profit Rises To RON903M
Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said its net profit after minorities rose 26% on the year to 903 million lei (EUR211.6 million) in the second quarter, mostly fuele...
Fondul Proprietatea Willing To Help With Future Bourse Privatizations
Greg Konieczny, manager of the EUR4 billion assets of Fondul Proprietatea, says Petrom’s offering had a “disappointing” result because it was not well structured. The fund’s official offered...
Richest Energy Companies In Romania Have EUR1.5B In Their Accounts
Privatized energy distributors have in the past few years become some of the richest companies in Romania, with their profit margins climbing to over 20%, compared with margins of under 5% i...
Who’s To Blame For Petrom Offering Failure?
The Romanian government’s offering to sell 9.84% in OMV Petrom (SNP.RO), the biggest transaction in the entire history of the Bucharest Stock Exchange, was almost invisible during the subscr...
Ariton: Petrom Offering Will Resume In 1Q '12 At The Earliest
Romanian Economy Minister Ion Ariton said the sale process of a 9.84% stake in dominant oil company OMV Petrom (SNP.RO) will be resumed in the first quarter of 2012 "at the earliest."
Renaissance Blames Market Conditions For Petrom’s Failed Offering
Romania’s unsuccessful attempt to sell a 9.84% stake in top oil company OMV Petrom (SNP.RO) at the desired price was due to difficult market conditions and low investor appetite, according t...
Weak Demand Hinders Petrom Offering
Romanian authorities will reschedule the sale of a 9.84% stake in dominant oil company OMV Petrom (SNP.RO), after a secondary public offering failed to raise enough interest from investors,...