Romania Gets 44.7% Stake In Rompetrol After Company Passes On Cash Redemption
18:27, 30 Sept. 2010
The Romanian authorities Thursday rejoined the shareholder structure of oil refinery Rompetrol Rafinare (RRC.RO) with a 44.69% stake, after the latter failed to redeem in cash a 2.3 billion lei (EUR1=RON4.2674) convertible hybrid held by the government.