Romania, FP said that it has sold a 4 % stake in Romania’s largest oil and gas company OMV Petrom

, SEE Energy News

Romanian private investment fund Fondul Proprietatea (FP) said that it has sold a 4 % stake in Romania’s largest oil and gas company OMV Petrom for some 198 million euros.

FP offered 2.275 billion of its shares in the company to institutional investors on the Bucharest Stock Exchange, with the price of 0.087 euros per share.

Following the transaction, FP holds 2.98 % stake in OMV Petrom.

In September 2020, the last time FP sold its shares in the company, it sold 2.47 % stake for some 130 million euros.

The largest shareholders in OMV Petrom are Austrian OMV Group with 51.0105 % stake and the Romanian state, through the Ministry of Energy, with 20.6389 % stake.