EBRD sells 20 percent of its shares in Romania’s OMV Petrom

The EBRD has sold 229,554,012 shares in OMV Petrom, a leading company in the oil and gas sector located in Romania, which is listed on the Bucharest Stock Exchange.

The partial sale represented 20 percent of the Bank’s holding.

The EBRD became a shareholder of Petrom in 2004 to support the privatization of the state-owned national integrated oil and gas company.

- Our partial exit from Petrom comes as Romania’s attractiveness to institutional investors has grown - said Kevin Bortz of the EBRD.