7.2 C
Bucharest
December 1, 2021
BUSINESS

Petrom share sale offer to kick off next week

The sale by the Romanian state of a 9.84 per cent stake in oil operator Petrom will begin July 11-12, with the shares to be distributed on a ‘first-come, first-served” basis, capital market sources told Me­diafax. “The tranche for institutional investors will account for 80-90 per cent of the package, and that for small investors, 10-20 per cent,” accor­ding to the source quoted. This could eventually lead to two sale prices, one for institutional investors, and another one for small investors respectively. The final prices will be set and published on the last or penultimate day of the sale offer.

Related posts

Investment worth RON 660 M for DN 18

Nine O' Clock

Maschio-Gaspardo turnover, up by 39 pc in Q1

Nine O' Clock

BCR receives EUR 64 M for Prima Casa 3

Test