Romania's Fondul Proprietatea sells 6.4% stake in OMV Petrom

Monday, October 24, 2016

Romanian investment fund Fondul Proprietatea [BSE: FP] sold a 6.4% stake in oil and gas group OMV Petrom [BSE:SNP] for 682 million lei ($166 million/151 million) in four separate transactions, data from the Bucharest Stock Exchange (BVB) showed quoted by seenews.com. Before Monday's sale Fondul Proprietatea owned 19% of OMV Petrom. Fondul Proprietatea sold most of the shares, 2.87 billion, for 0.21 lei ($0.5/0.5 euro) ...

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Financial & Banking

Monday, October 24, 2016

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