BUCHAREST (Romania), January 20 (SeeNews) - Romanian investment fund Fondul Proprietatea [BSE: FP] said on Thursday it sold a 4% stake in oil and gas group OMV Petrom [BSE:SNP] for a gross 978 million lei ($224 million/198 million euro).
The investment fund offered institutional investors 2.275 billion existing shares in OMV Petrom, as the selling price was agreed at 0.43 lei per share, it said in a filing with the Bucharest Stock Exchange, BVB.
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Fondul Proprietate now holds 2.98% of OMV Petrom.
Erste Group Bank and SSIF Swiss Capital acted as joint global coordinators and joint bookrunners in the offering.
OMV Petrom will not receive any proceeds from the transaction.
In September 2020, Fondul Proprietatea sold a 2.47% stake in OMV Petrom. Before the sale Fondul Proprietatea owned 9.9973% of the oil and gas group.
The investment fund's shares traded 0.70% higher at 2 lei on the BVB at 1104 CET on Thursday.
Blue-chip OMV Petrom traded 1.49% lower at 0.4630 lei on the BVB at 1123 CET on Thursday.
Austria-based OMV Aktiengesellschaft holds a 51.0105% stake in OMV Petrom. The Romanian state, through the energy ministry, owns 20.6389% of OMV Petrom, Fondul Proprietatea holds 9.9973%, and 21.35% is the free float on the Bucharest Stock Exchange (BVB) and the London Stock Exchange.
(1 euro=4.9447 lei)
OMV Petrom SA is among the biggest companies in SEE, for more reference take a look at Top 100 companies