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Friday, December 03, 2004
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 : 12/03/2004 11:58:00 am
OMV issues bonds to cover Petrom price
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 : 12/03/2004 11:58:00 am
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