The company’s shares have been traded under the SNP ticker symbol since September 3, 2001. Recently, global index provider FTSE Russell announced the inclusion of OMV Petrom in the FTSE Global Equity Index Series, starting September 20.
“The history of the modern stock exchange, re-established in 1995, is closely related to the 20-year trading history of OMV Petrom shares on the Bucharest Stock Exchange,” said Radu Hanga, president of the Bucharest Stock Exchange.
“Today, we mark an important moment for the entire capital market community, SNP being one of the shares that arouse the interest of both international and local investors. OMV Petrom’s performance in the last 20 years has become a benchmark for many Romanian companies and we want this success story to inspire other companies, both in the private sector and those owned by the State.”
OMV Petrom is one of the most liquid shares on the Bucharest Stock Exchange, being included in almost all the indices thereof, respectively in BET, BET-TR, BET-XT, BET-XT-TR, BETPlus, BET-NG, BET-BK, and ROTX.
“20 years after the listing on the Bucharest Stock Exchange, we are proud of our transformation. We have become a modern and sustainable, high-performing company with a solid financial position. Due to the nature of our activity, we have a fundamental role in Romania: we supply about 40% of the country’s crude oil and gas demand and up to 10% of the country’s electricity production,” said Christina Verchere, CEO of OMV Petrom.
In the 20 years of presence on the stock exchange, approximately 1.3 million transactions with SNP shares were made. From the moment of listing until September 2, 2021, investors traded SNP shares worth over 13 billion lei. More than 41 billion SNP shares have also been traded on the stock exchange over the past two decades.
Investments in the period 2005-2020 amounted to 16 billion euros, OMV Petrom being the largest private investor in Romania.
Petrom’s shareholders include, besides OMV Aktiengesellschaft (51%) and the Romanian government (20.6%), Pillar II private pension funds, Fondul Proprietatea, private equity firms, regional investment funds (SIF), retail investors and other investors.
(English version by Loredana Fratila-Cristescu)