According to Romgaz’s press statement published at the Bucharest Stock Exchange on May 6, “the agreement in principle reflects the commercial understanding the parties have reached with respect to the main elements of the transaction, including structure, price and commercial mechanism to be implemented during contract signing and actual completion of transaction. The Parties will continue with required proceedings to complete negotiations to sign a transaction contract based on the terms agreed in principle.”
Romgaz said it would inform the capital market, its shareholders and investors of the finalization of negotiations, obtaining the endorsement of its Board of Directors for signing the transaction contract, of the main terms of this transaction, as well as of any relevant development regarding this process, in accordance with legal obligations applicable to publicly listed companies.” .
Romgaz expects the completion of negotiations and obtaining the approval of the company’s Board of Directors for signing the transaction contract will occur by end of May 2026, at the latest.