Romania’s Petrom plans 1b euro capital hike: source

Romanian oil group Petrom, which is 51 percent-owned by Austria’s OMV, plans a share issue which might be worth 1 billion euros ($1.44 billion), a government source said on Friday. “(Petrom’s) capital hike might amount to some 1 billion euros,” one government source told Reuters, adding the government was willing to participate. The economy ministry owns 20.6 percent of Petrom and a 20.1 percent stake is owned by Fondul Proprietatea, a fund set up by the state to ...

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