Bostina & Asociatii selected as legal consultant for the stock exchange sale of the 9.84 percent of OMV Petrom

Bostina & Asociatii law firm has been selected by the Ministry of Economy to provide legal counseling regarding the sale – through the capital market method – of the 9.84 percent stake in OMV Petrom.

The project team will be led by Olimp Barbulescu. He has a solid experience in capital market accumulated over several years at the National Securities Commission and afterwards at Bostina & Asociatii.

This would be the largest privatization of Romanian state made on the stock exchange market. Government decided in August to start selling on the stock exchange procedures to 9.84 percent stake in OMV Petrom. The state owns 20.6 percent in Petrom. Austrian group OMV holds the majority

51 percent, while the Property Fund – 20.1 percent.

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