Loading ...Petrom, the biggest producer of crude oil and natural gas in South-East Europe, has concluded a transaction with the Petrom Employees’ Association for the purchase of an additional stake of 20.87% in Petrom Aviation, through a transaction of 2.5 million euro on the Bucharest Stock Exchange (BVB), informs Petrom.
Thus, Petrom has increased its stake in this company to 69.37%.
Petrom will launch a mandatory public offering for the takeover of the other shareholders of Petrom Aviation, under the legislation in effect.
Petrom will launch a mandatory public offering for the takeover of the other shareholders of Petrom Aviation, under the legislation in effect.
“Through the stake held in Petrom Aviation, Petrom is an important player on the segment of plane fuels. We are convinced this purchase and the upgrade measures we will take in the coming period will help us consolidate the Petrom operations on this segment”, said Tamas Mayer, member of Petrom Board, in charge with marketing activity.
In the wake of the transaction, the structure of the Petrom Aviation shareholdership is the following: Petrom – 69.37%, Rivta Handelsges mbh – 6%, Property Fund – 3%, and minority shareholders – 21.63%.
Petrom Aviation’s main activity is the marketing of plane fuels to the Romanian and foreign airlines that operate on the airports in Romania. In 2007, Petrom Aviation posted turnover of 154 million lei and market share of 30%.
Petrom Aviation’s main activity is the marketing of plane fuels to the Romanian and foreign airlines that operate on the airports in Romania. In 2007, Petrom Aviation posted turnover of 154 million lei and market share of 30%.
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