Fund sells down Romgaz stake in second Romanian deal

A local fund sold a $198m stake in Romanian gas producer Romgaz on Monday night, making it the second deal from the country in quick succession after a dearth of Romanian capital markets activity.

  • By Andrew Griffin
  • 17 Jun 2014

Romanian investment fund Fondul Proprietatea sold 19.2m shares, roughly 5% of the company, for L33.5 ($10.31) each. That was around $10.32 for the London listed global depository receipts (GDRs), and represented a 6.1% discount to Monday’s close.

The deal was launched on Monday ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 206,449.53 755 8.84%
2 JPMorgan 192,919.68 823 8.26%
3 Bank of America Merrill Lynch 175,174.46 602 7.50%
4 Barclays 144,195.77 526 6.17%
5 Goldman Sachs 139,497.22 445 5.97%

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1 Deutsche Bank 23,530.61 67 7.96%
2 HSBC 20,994.25 74 7.11%
3 Bank of America Merrill Lynch 20,490.14 49 6.93%
4 Credit Agricole CIB 15,076.29 72 5.10%
5 BNP Paribas 14,834.05 81 5.02%

Bookrunners of all EMEA ECM Issuance

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1 JPMorgan 11,392.30 49 8.12%
2 Citi 10,426.00 64 7.43%
3 Goldman Sachs 10,066.34 50 7.17%
4 UBS 9,938.21 40 7.08%
5 Morgan Stanley 9,069.90 50 6.46%