The winning consortium asked the lowest fee, of around 1.65m euros, to broker the transaction. The consortium made up of Russia's Renaissance Capital investment bank and domestic brokerages EFG Eurobank Securities, BT Securities and Romcapital, was selected by the Economy Ministry to handle the sale of the 9.84% stake in Petrom, the biggest deal in the history of the Bourse.
The official announcement was made by the Ministry's press office on Monday evening and yesterday the consortium's representatives met with the representatives of OPSPI (Office for State Interests and Industrial Privatisation)-subordinated to the Economy Ministry, to negotiate the last details of the contract.
"There is a legal ten-day term during which the last details of the contract can be negotiated. There are fine details unrelated to the technical or financial offer of the consortium, which cannot be altered. The contract can even be signed earlier," Victor Cazana, OPSPI head, told ZF.
On the other hand, the representatives of the winning consortium were ready as early as yesterday to start working on the offering prospectus, the document on the basis of which the offering will be promoted and Petrom shares will be subsequently sold.
The winning consortium asked the lowest fee, of around 1.65m euros, to broker the transaction. The consortium made up of Russia's Renaissance Capital investment bank and domestic brokerages EFG Eurobank Securities, BT Securities and Romcapital, was selected by the Economy Ministry to handle the sale of the 9.84% stake in Petrom, the biggest deal in the history of the Bourse.
The official announcement was made by the Ministry's press office on Monday evening and yesterday the consortium's representatives met with the representatives of OPSPI (Office for State Interests and Industrial Privatisation)-subordinated to
