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Filip & Company Advises Fondul Proprietatea on Sale of OMV Petrom Shareholding

Filip & Company Advises Fondul Proprietatea on Sale of OMV Petrom Shareholding

Romania
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Filip & Company, working with Linklaters’ London office, has advised Fondul Proprietatea on the sale of its entire shareholding in OMV Petrom for RON 764.1 million via an accelerated private placement.

Erste Group Bank AG and SSIF Swiss Capital acted as joint global coordinators and joint bookrunners in the transaction, while Banca Comerciala Romana and Auerbach Grayson and Company acted as joint bookrunners.

Fondul Proprietatea is a joint-stock investment management company established by the Romanian state.

OMV Petrom is a Romanian integrated oil company, a subsidiary of Austria's OMV. It is one of the largest corporations in Romania and the largest energy company in Southeastern Europe, according to the company's 2021 Sustainability Report.

Filip & Company’s team included Partner Alexandru Birsan, Senior Associate Roxana Diaconu, and Associate Rares Crismaru.

The firm did not respond to our inquiry on the matter.

Filip & Company at a Glance

Filip & Company is one of the leading law firms in Romania providing top quality assistance in all relevant areas of law for businesses operating in Romania or considering Romania. Specialized in complex projects that require an innovative approach, Filip & Company lawyers have significant experience in various areas, such as infrastructure and concession, mergers and acquisitions, energy, corporate, real estate, competition law, finance, and capital markets but also labour law, data protection, consumer or environment protection. The law firm also provides legal assistance and representation in disputes and arbitrations with significant implications for the clients’ businesses.

To find out more about Filip & Company’s expertise areas and team, please visit https://filipandcompany.com/