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Friday, December 03, 2004
Business in Romania blog
As you probably know already, the Austrian oil company OMV bought Petrom Romania earlier this year for a total of EUR 1.5 bilion.

Recent news say that OMV will issue some 3 milion more shares in order to increase its share capital.

OMV will also issue about 2 million bonds for a total of EUR 550 milion in order to raise some capital money to support the Petrom price. Each of the bonds is directly convertible into OMV shares.


Posted by Mihai Botea : 12/03/2004 11:58:00 am OMV issues bonds to cover Petrom price
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