PETROM
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Oscar Downstream Posts EUR390M Turnover In 2010
Oscar Downstream, an oil trading company controlled by businessman Alin Niculae, posted turnover worth EUR390 million in 2010, almost similar to the 2009 level, and targets a 15% increase fo...
Top 50 Largest Companies In Romania
Large Romanian companies returned to growth in 2010, reveals the “Biggest Players in the Economy” Yearbook which hits the newsstands this Tuesday. More than 30 companies among the top 50 in...
Will Romanian Billionaires Invest In Petrom Public Offering?
There might be at least 100 people in Romania who have millions of euros in their accounts, which they could use to buy shares at the government's sale of 9.84% in Petrom. ZF tried to find o...
Petrom’s Offering Will Be Conducted In July, Price Has Yet To Be Set
The public offering whereby the Romanian government intends to sell a 9.84% stake in OMV Petrom (SNP.RO) will be conducted in July, according to the calendar set by the Economy Ministry with...
Petrom Offer Due In July
The sale of a 9.8% stake in Petrom (SNP.RO), the largest Romanian company, will be completed by late July, Economy Minister Ion Ariton has firmly stated. The minister’s statement is surprisi...
OMV Share Sale Below Vienna Bourse Price Might Delay Petrom Offering
Austria’s OMV, the majority shareholder of Petrom (SNP.RO), sold all the new shares issued as part of its capital increase, but the price at which the offering ended, EUR27.5/share, was lowe...
Oltchim Makes Bid To Take Over Entire Activity Of Arpechim
Romanian state-run chemical plant Oltchim (OLT.RO) Thursday said it has made an offer to take over the entire activity of troubled supplier Arpechim Pitesti, after owner OMV Petrom (SNP.RO)...
CNVM OKs Preliminary Prospectus For Petrom Stake Sale
Romania’s securities commission CNVM Wednesday approved a preliminary prospectus for the sale of a 9.84% stake in dominant oil company OMV Petrom (SNP.RO).
How OMV Could Affect Romania's Plans For Petrom Offer
Austrian group OMV, majority shareholder of OMV Petrom (SNP.RO), could need a capital increase this year to refinance some of the loans taken out to make acquisitions in Turkey (Petrol Ofisi...