EANS-Adhoc: OMV Aktiengesellschaft
OMV will not participate in OMV Petrom
secondary public offering
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
OMV / Oil / Gas / Petrom
26.04.2011
* The Romanian state intends to sell a 9.84% stake of OMV Petrom via the stock exchange * OMV, as owner of a 51% stake in OMV Petrom, decided not to take part in this process, i.e. not to submit a bid for the available stake * Secondary public offering (SPO) will boost attractivity of OMV Petrom stock by significantly increasing the size of free float of the share at the Bucharest Stock Exchange
OMV, the leading energy Group in Central and Southeastern Europe, herewith announces its decision not to participate in the OMV Petrom S.A. secondary public offering which is expected to happen in the coming months. The Ministry of Economy, Trade and Business Environment, which is acting on behalf of the Romanian state, has the plan to sell a 9.84% stake via the Bucharest Stock Exchange.
As a 51% owner of OMV Petrom S.A., OMV has already control of the company and an increase in the stake would therefore not change the level of influence in decision making.
Gerhard Roiss, CEO and Chairman of the Executive Board of OMV, stated: "While our investment in Petrom has proven to be a very successful one and makes us a very satisfied investor, we decided not to make an offer for the 9.84% stake in the upcoming secondary offering. Petrom is in excellent shape and definitely a highly attractive investment. We are looking forward to more liquidity on the Bucharest Stock Exchange and an increased interest of institutional and retail investors in the Romanian capital market."
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
OMV
Investor Relations:
Angelika Altendorfer-Zwerenz
Tel. +43 1 40 440-21600
e-mail: investor.relations@omv.com
Media Relations:
Michaela Huber
Tel. +43 1 40 440-21661
e-mail: michaela.huber@omv.com
Internet Homepage: http://www.omv.com
Branche: Oil & Gas - Downstream activities
ISIN: AT0000743059
WKN: 874341
Index: ATX Prime, ATX
Börsen: Wien / official market
Original content of: OMV Aktiengesellschaft, transmitted by news aktuell