The winning consortium asked the lowest fee, of around 1.65meuros, to broker the transaction. The consortium made up ofRussia's Renaissance Capital investment bank and domesticbrokerages EFG Eurobank Securities, BT Securities and Romcapital,was selected by the Economy Ministry to handle the sale of the9.84% stake in Petrom, the biggest deal in the history of theBourse.
The official announcement was made by the Ministry's pressoffice on Monday evening and yesterday the consortium'srepresentatives met with the representatives of OPSPI (Office forState Interests and Industrial Privatisation)-subordinated to theEconomy Ministry, to negotiate the last details of the contract.
"There is a legal ten-day term during which the last details ofthe contract can be negotiated. There are fine details unrelated tothe technical or financial offer of the consortium, which cannot bealtered. The contract can even be signed earlier," Victor Cazana,OPSPI head, told ZF.
On the other hand, the representatives of the winning consortiumwere ready as early as yesterday to start working on the offeringprospectus, the document on the basis of which the offering will bepromoted and Petrom shares will be subsequently sold.
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