Erste is Petrom's eighth-largest shareholder
Thursday, March 13, 2008
Austrian lender Erste Bank owns stocks in the major companies listed on the Bucharest Stock Exchange (BVB), through its asset management division. According to data provided by the bank, its most significant participation is in oil giant Petrom, Romania's largest company. Erste Sparinvest, the Austrian group's investment company, owns 61.37 million Petrom shares, or 0.11 percent of the oil company, worth 6.6 mln according to yesterday's quotation. As such Erste is Petrom's ...