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Clifford Chance Badea Advises Fondul Proprietatea on RON 1 Billion Share and GDR Buy-back

Clifford Chance Badea Advises Fondul Proprietatea on RON 1 Billion Share and GDR Buy-back

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Clifford Chance Badea has advised Fondul Proprietatea on the public tender offer to buy back issued shares and global depositary receipts listed on the Bucharest and London Stock Exchanges.

According to Clifford Chance Badea, “the offer was oversubscribed two times, and the value of the transactions exceeded RON 1 billion (over EUR 211 million).”

Clifford Chance Badea did not respond to our inquiry on the matter.

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