Fondul Proprietatea also says that depending on investors interest is has an upsize option of further up to 1.15 billion shares or another 2%. The latest data show the fund to own 7% in Petrom after having conducted several accelerated sales lately.
“Franklin Templeton International Services S.À R.L., in its capacity of alternative investment fund manager (“FTIS”) of Fondul Proprietatea S.A. (the “Fund”/ “Fondul Proprietatea”), announces the launch of an accelerated bookbuild offering of up to 1,700,000,000 ordinary shares, plus an upsize option of further up to 1,150,000,000 ordinary shares held by the Fund in OMV Petrom S.A,” the fund’s notification to the Bucharest Stock Exchange says.
Bookbuilding will commence immediately, the fund’s manager says.
(English version by Loredana Fratila-Cristescu)