Ascultă Radio România Actualitaţi Live

Government establishes minim price for Petrom shares

The minimum price represents Petrom shares’ average value registered within the last 52 weeks. None of the over 5 billion OMV Petrom shares will be sold for less than 0.3708 lei.

Government establishes minim price for Petrom shares
Photo: Reuters.

Articol de Angela Bârgoan, 20 Iulie 2011, 10:35

The state is selling half of the approximately 20 percent Petrom the shares it holds at a minimum price of 37 bani per share.

The government took the decision on Tuesday in order to ensure a minimum amount it could obtain after the market period that ends this week.

This minimum price represents the average value Petrom shares had registered within the last 52 weeks and this means that none of the 5 billion OMV Petrom shares will be sold under 0.3708 lei.

The minister of economy, Ion Ariton, says the market shows good signs and he is convinced the expected value will be exceeded.
15 percent of the shares are for natural persons, and the rest of 85 percent are investment institution shares.

The minister of economy says that Transelectrica and Transgaz shares will be just as interesting, as they will be for sale starting October and the end of the year.

Ion Ariton explained what the money would be used for by the government.

"You know the amounts come from buy-outs and will be used to finance the budget deficit. When the budget receives the money, the pressure on the budget will go down, thus larger investment amounts could be used in the following period. Considering the Transelectrica and Transgaz shares, the package will be very interesting and the results of the sale will be very good", Ion Ariton stated.

The offering period for Petrom shares ends on Friday, when, according to the minister of economy, the results of the transaction will be shared with the media.

The offer ends successfully and the shares will be sold only if investors have cumulative stock of minimum 80 percent of the 9.84 percent listed.

This is how the shares money will be used by the state. The government decided the minimum price should be 37 bani per share.

Translate by: Tudor Ciocanel
MA Student, MTTLC, Bucharest University

Education unions threaten street protests
News in English 29 August 2025, 21:05

Education unions threaten street protests

Education unions threaten street protests if the prime minister does not reverse the measures taken in the education system....

Education unions threaten street protests
Mayors of communes and small towns go on indefinite general strike
News in English 29 August 2025, 21:04

Mayors of communes and small towns go on indefinite general strike

Mayors of communes and small towns go on indefinite general strike starting Friday, dissatisfied with the measures prepared...

Mayors of communes and small towns go on indefinite general strike
Russian Ambassador to Bucharest Summoned to the Ministry of Foreign Affairs
News in English 29 August 2025, 21:03

Russian Ambassador to Bucharest Summoned to the Ministry of Foreign Affairs

The Russian Ambassador to Bucharest, Vladimir Lipaev, was summoned to the Romanian Ministry of Foreign Affairs regarding his...

Russian Ambassador to Bucharest Summoned to the Ministry of Foreign Affairs
National Institute of Statistics: Romania's resident population has fallen to 19 million
News in English 29 August 2025, 21:02

National Institute of Statistics: Romania's resident population has fallen to 19 million

The resident population in Romania has fallen to just over 19 million inhabitants, while the aging phenomenon continues to...

National Institute of Statistics: Romania's resident population has fallen to 19 million
President Nicusor Dan’s First Foreign Policy Speech
News in English 26 August 2025, 17:08

President Nicusor Dan’s First Foreign Policy Speech

Speech of the President of Romania, Nicusor Dan, at the Annual Meeting of Romanian Diplomacy Nicusor Dan: Minister, ladies...

President Nicusor Dan’s First Foreign Policy Speech
Double-decker tourist buses are back in the capital
News in English 26 August 2025, 17:06

Double-decker tourist buses are back in the capital

Double-decker tourist buses are back in the capital. Visitors and residents can discover the city's most important sights...

Double-decker tourist buses are back in the capital
President Nicusor Dan’s message on Ukraine’s Independence Day
News in English 24 August 2025, 16:46

President Nicusor Dan’s message on Ukraine’s Independence Day

President Nicusor Dan reiterates Romania’s support for Kiev’s legitimate effort to defend itself against the...

President Nicusor Dan’s message on Ukraine’s Independence Day
Romania: Number of Ukrainians illegally crossing the border, decreasing
News in English 24 August 2025, 16:45

Romania: Number of Ukrainians illegally crossing the border, decreasing

Over 5.400 Ukrainian citizens illegally crossed the border with Romania in the first seven months of the year. They were...

Romania: Number of Ukrainians illegally crossing the border, decreasing

Radio România

YEMEN: Liderul rebelilor Houthi, ucis într-un atac israelian

YEMEN: Liderul rebelilor Houthi, ucis într-un atac israelian

YEMEN: Liderul rebelilor Houthi, ucis într-un atac israelian
MANGALIA: Intervenție pentru salvarea a 3 persoane aflate într-o barcă pe mare

MANGALIA: Intervenție pentru salvarea a 3 persoane aflate într-o barcă pe mare

MANGALIA: Intervenție pentru salvarea a 3 persoane aflate într-o barcă pe mare
Traficul feroviar se va desfășura normal şi după 1 septembrie

Traficul feroviar se va desfășura normal şi după 1 septembrie

Traficul feroviar se va desfășura normal şi după 1 septembrie
Funcționarii afiliați Uniunii Forța Legii intră în grevă

Funcționarii afiliați Uniunii Forța Legii intră în grevă

Funcționarii afiliați Uniunii Forța Legii intră în grevă