Renaissance Blames Market Conditions For Petrom’s Failed Offering

07.22.2011 By Florentina Dragu

Romania’s unsuccessful attempt to sell a 9.84% stake in top oil company OMV Petrom (SNP.RO) at the desired price was due to difficult market conditions and low investor appetite, according to Renaissance Capital, lead broker on the transaction.

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Keywords:
PETROM
, RENAISSANCE
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