Romania to try again in 2012 after bids for $800m of Petrom stock fall short of target

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Romania to try again in 2012 after bids for $800m of Petrom stock fall short of target

Romania failed in its attempt to sell a 9.84%, L2bn ($700m) stake in the country’s largest company, OMV Petrom, last Friday (July 28), after falling short of the 80% minimum orders for the stock.

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