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Wednesday, December 15, 2004
Business in Romania blog
Well, it's final.

Austria’s OMV has finalized the takeover of the stake representing 51 percent in Petrom, an OMV release informed. The Austrian company paid EUR 669 million for the direct purchase of a 33.34 percent stake in Petrom and contributed another EUR 830 million in the equity increase operation to the majority stake. EBRD has 2 percent of the stock, as it also participated in the capital increase through a convertible loan extended in the past to Petrom, while minority shareholders get another 6 percent.


Posted by Mihai Botea : 12/15/2004 03:18:00 pm OMV completes Petrom buying
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