Fondul Proprietatea Announces ABB Offering for 1.4bn Shares in OMV Petrom

The results of the transaction will be announced as soon as practicable after the close of the bookbuild process.

Foundul Proporietatea published a document on the BVB announcing the launch of an accelerated bookbuild offering of a base deal of minimum approximately 1.4bn existing shares in OMV Petrom, which will commence immediately.

The Fund has agreed to a 180 day lock-up period from the pricing of the transaction, subject to waiver with the consent of the Bookrunners and subject to certain customary exceptions. Note that OMV Petrom will not receive any proceeds from the Transaction.

The results of the transaction will be announced as soon as practicable after the close of the bookbuild process. The timing for the close of the bookbuild process, pricing and allocations are at the absolute discretion of the Fund and the Bookrunners.

InterCapital
Published
Category : Flash News

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