Petrom, five years since privatization

Privatization of the largest Romanian company, Petrom, was sealed exactly five years ago, with the Austrian OMV group paying 668.8 million euros for 33.34 percent of the shares.The capital increased by further 800 million euros, for a company that was to bring in dividends worth 400 million euros so far, reads the daily Ziarul financiar.For five years, OMV was not entitled to sell any of the company's basic assets and the current CEO of the company Mariana Gheorghe said this topic ...

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