Global law firm White & Case LLP has advised Fondul Proprietatea S.A., the fund set up by the Romanian State to compensate the victims of Communist property confiscation, on the sale of 632,482,000 shares in OMV Petrom S.A., one of the largest corporations in Romania and the largest gas and oil producer in Eastern Europe for €57 million.
"This is one of the first block trades undertaken in Romania and further demonstrates market stability and investor confidence in the right assets," said White & Case partner Greg Stonefield.
"Bringing together our London and Romanian teams illustrates the value of our local law expertise in Romania and our London office's English law capability in this area," added White & Case partner Lucian Bondoc.
The White & Case team was led in London by partner Greg Stonefield and in Bucharest by partner Lucian Bondoc, who was supported by associate Simona Petrişor.
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