PETROM
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Romania’s Best-Kept Secret: Not Even Boc Knows Petrom’s Subscription Level
The level of subscription to OMV Petrom’s (SNP.RO) offering, i.e. the number of shares that investors are interested in buying and the prices they pay, is the best-guarded secret in Romania...
Petrom’s Subscription Level Will Be Known Only After Offering Ends
The government’s sale offering of Petrom shares, but so far there is no public information on the level of subscription, which will only be known when the offering closes on July 22.
Dafora Inks EUR23M Drilling Services Deal With OMV Petrom
Romanian oil drilling firm Dafora Medias (DAFR.RO) Tuesday announced it has signed a EUR23 million frame contract with OMV Petrom (SNP.RO), for oil and gas drilling services.
Boc: Government Will Keep Majority In Strategic Companies
Romanian Prime Minister Emil Boc said Monday that he supports selling minority stakes in companies of strategic importance, such as Trangaz (TGN.RO), Romgaz and Transelectrica (TEL.RO), but...
Whoever Pays EUR610M First Can Get 9.8% In Petrom
The government chose to sell the 9.84% in Petrom (SNP.RO) using a novel approach for the Romanian capital market: an auction starting from a maximum price of 0.46 lei (EUR0.11) per share wit...
Petrom Announces Potential Significant Gas Find In Oltenia
Romanian dominant oil company OMV Petrom (SNP.RO) Thursday announced drilling success at its 4539 Totea exploration well in the southwestern region of Oltenia, in what could be the “most imp...
Romania Sets RON0.46 Price Cap In Petrom Offering; It Could Get EUR610M
The secondary offer through which the Romanian Economy Ministry wants to sell 9.84% in oil company OMV Petrom (SNP.RO) will start Monday at a maximum price of 0.46 lei (EUR0.11) a share, 15%...
Romania Could Use Google Approach In Petrom Stake Sale
Romania could set a maximum price to sell Petrom (SNP.RO) shares instead of a fixed price, and the end price could be set based on buy orders placed by investors, as was the case with Google...
Romania To Launch Petrom SPO In Two Weeks - Sources
The Economy Ministry is likely to launch its planned secondary public offering for 9.84% in dominant oil company OMV Petrom (SNP.RO) on July 11 or July 12, participants in the capital market...