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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

 

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Fondul Proprietatea sells 4% stake in oil and gas group OMV Petrom

Fondul Proprietatea (FP) sold 2.275 bln shares, or 4% of OMV Petrom, for RON 978.25 mln (nearly EUR 200 mln) under the accelerated private placement offer started on January 19, according to a report sent to the Bucharest Stock Exchange (BVB).

Following the deal, FP is left with a 3% stake in OMV Petrom.

The sale price was set at RON 0.43 per share, 8.5% below the closing price the day before the private placement.

In September 2020, Fondul Proprietatea sold a 3% stake in Petrom for RON 561 mln.

The gross proceeds of the January 20 transaction will be used to implement the Fund’s Discount Control Mechanism by funding the buyback programme, as approved by the Fund’s shareholders, and the payment of potential dividends to the Fund’s shareholders, in the absence of exceptional market conditions or circumstances, and subject to any restrictions under Romanian legal or tax regulations and shareholders’ approval.

andrei@romania-insider.com

(Photo source: Dreamstime.com)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

 

The Capital Markets News section is powered by the Bucharest Stock Exchange 

 

BSE

 

 

Fondul Proprietatea sells 4% stake in oil and gas group OMV Petrom

Fondul Proprietatea (FP) sold 2.275 bln shares, or 4% of OMV Petrom, for RON 978.25 mln (nearly EUR 200 mln) under the accelerated private placement offer started on January 19, according to a report sent to the Bucharest Stock Exchange (BVB).

Following the deal, FP is left with a 3% stake in OMV Petrom.

The sale price was set at RON 0.43 per share, 8.5% below the closing price the day before the private placement.

In September 2020, Fondul Proprietatea sold a 3% stake in Petrom for RON 561 mln.

The gross proceeds of the January 20 transaction will be used to implement the Fund’s Discount Control Mechanism by funding the buyback programme, as approved by the Fund’s shareholders, and the payment of potential dividends to the Fund’s shareholders, in the absence of exceptional market conditions or circumstances, and subject to any restrictions under Romanian legal or tax regulations and shareholders’ approval.

andrei@romania-insider.com

(Photo source: Dreamstime.com)

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