RENAISSANCE
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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 to Renaissance Capital, lead broker on the transaction.
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...
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.
Renaissance Capital Appoints New CEE Financial Division Chief
Investment bank Renaissance Capital appointed Morgan Stanley former regional manager Bogdan Ciobotariu as head of the financial division for Central and Eastern Europe.