Russians come first in race to broker Petrom's offering - financiare.ro
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News » April, 2011 » 4 April 2011

Russians come first in race to broker Petrom's offering
04.04.2011, 23:55 | Capital Markets | 864 views



The Romanian state is set to announce today whether it accepts to have the biggest offering in the history of the Bucharest Stock Exchange brokered by the consortium led by Renaissance Capital, half-owned by a Russian billionaire with an empire in gold production.

Russian investment bank Renaissance, in consortium with BT Securities (the brokerage division of Banca Transilvania), EFG Securities (the brokerage division of Greek group EFG, owner of Bancpost) and Romcapital got the highest score (92.5 points) at the tender organised by the state to choose the broker of the sale of a 9.8% stake in Petrom, according to sources present at the tender held at the Economy Ministry - OPSPI (The Office for State Stakes and Industry Privatisations).

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