European Commission requests explanations as regards Petrom's golden share

The Romanian authorities on Tuesday received a letter from the European Commission according to which the State Assets Resolution Authority (AVAS) is requested to explain the stipulation of the privatization contract of oil company Petrom regarding the Romanian state's holding of the golden share, sources with the AVAS told Rompres on Wednesday. AVAS says it will send the European Commission an answer about Petrom's privatisation by September. AVAS representatives say they will take all the ...

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