Fund manager Franklin Templeton said in a statement it agrees to sell 1.454 billion existing shares in OMV Petrom S.A. to qualified investors for an agreed selling price of RON0.2750/share.
The gross proceeds of the transaction would amount to RON399.85 million and Petrom would not receive any proceeds.
Subject to successful settlement completion, the Fund’s remaining participation in Petrom is of 9.9985% of its share capital.
Goldman Sachs International, WOOD & Company Financial Services, A.S. and Banca Comerciala Romana (BCR) acted as joint bookrunners for the transaction.