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Renaissance Capital wins OMV Petrom SPO mandate

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Autor: Bancherul.ro
2011-04-05 18:09

The Romanian government has announced Renaissance Capital was ranked first in a tender for organising a secondary public offering of a 9.84% stake in OMV Petrom SA, Romania’s largest oil and gas company.

Renaissance Capital is working with a consortium of local brokerage firms, including EFG Eurobank Securities, BT Securities and Romcapital.

To support its activities in Romania, Renaissance Capital plans to open a Bucharest office, which will offer investment banking services, privatisation advisory and private equity financing. The Firm is currently working on two local M&A mandates for Romanian clients in the private sector, and plans to pursue privatisations and private deals in a range of industries, such as oil and gas, utilities, banking, consumer goods and infrastructure.

“We are committed to the Romanian market,’’ said Milutin Nikolic who led Renaissance Capital ’s pitch for the Petrom mandate. “We believe in being on the ground, not flying in and out to do deals. Being local while adhering to the highest international standards of investment banking is at the heart of our business”.

About Renaissance Capital (www.rencap.com)

Renaissance Capital is the leading investment bank focused on the emerging markets of Russia, Eastern Europe, Central Asia and Africa. The Firm also offers its clients access to these markets through financial centres such as London, New York and Hong Kong. Renaissance Capital has market-leading positions in each of its core businesses – M&A, equity and debt capital markets, securities sales and trading, research, and derivatives. The Firm is building market-leading practices across emerging markets globally in metals and mining, oil and gas and agriculture. Renaissance Capital is part of the Renaissance Group.

About Petrom (www.petrom.com)

OMV Petrom is the largest oil and gas producer in South-Eastern Europe. With activities in exploration and production, refining, marketing, gas and power, Petrom has proved oil and gas reserves of 854mn boe, a maximum refining capacity of 8mn tpa, approximately 540 filling stations in Romania and 270 filling stations in Moldova, Bulgaria and Serbia.

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