OMV Petrom (SNP), the biggest company in Romania, could disburse dividends of around 1 billion lei (245 million euros, at the exchange rate of 4.1 lei/euro) from last year's profit, according to a proposal of the company management set to be discussed in the general shareholders meeting (GM) on April 26.

These would be the first dividends that the company disburses after two years, during which time it preferred to retain earnings for investments.

Austrian group OMV, which holds 51% in Petrom, will collect around 510 million lei (124 million euros). Since 2004, when they took over control of the company, the Austrians have collected close to 500 million euros in dividends. OMV paid 669 million euros to the Romanian state for 33% in Petrom and boosted its stake to 51% after an around 830 million-euro capital increase.

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