Petrom plans to borrow half a billion euro for investments

Romania’s largest company, Petrom, owned by Austrian OMV oil company, plans to borrow up to €500 million to finance its investment program.The loan requires approval from OMV, which could get involved in the process, according to Petrom General Manager Mariana Gheorghe.Mariana Gheorghe also indicated that the loan could have an impact on the entire OMV group. “Depending on financial operational results, to continue financing investments, we will also need external funding,” Mariana ...

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