OMV ready to pump money into Romanian unit Petrom

Austrian oil and gas group OMV stands ready to inject capital into its Romanian unit, Petrom at any time and has a favourable outlook on the company for 2010, OMV’s CEO Wolfgang Ruttenstorfer said on Wednesday. A government source told Reuters last month that Petrom, which is 51%-owned by OMV, was planning a share issue which might be worth 1 billion euros. OMV said at the time it would support such a move, which would be needed to address Petrom's growth potential. "We would be ...

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