Petrom planning 1 bln euro capital hike - source

By IBTimes Staff Reporter | December 18 2009 9:19 AM

BUCHAREST - Romania's largest oil and gas group, Petrom which is majority owned by Austrian OMV, is planning a 1 billion euro ($1.44 billion) increase in its share capital, a government source said on Friday.

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(Petrom's) capital hike might amount to some 1 billion euros, the source told Reuters, adding the government was willing to participate. (Reporting by Luiza Ilie; Writing by Marius Zaharia; Editing by Dan Lalor) ($1 = 0.6949 euro)

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