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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.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

Firm's website.

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