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News from Members White & Case Advises Fondul Proprietatea in €57 Million Sale of OMV Petrom Stake

White & Case Advises Fondul Proprietatea in €57 Million Sale of OMV Petrom Stake

by White&Case May 21, 2013

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 Patrom 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 Petriºor.

About White & Case
White & Case LLP is a leading global law firm with lawyers in 39 offices across 27 countries. Among the first US-based law firms to establish a truly global presence, we provide counsel and representation in virtually every area of law that affects cross-border business. Our clients value both the breadth of our global network and the depth of our US, English and local law capabilities in each of our regions and rely on us for their complex cross-border transactions, as well as their representation in arbitration and litigation proceedings.

For further details please contact:
Anca Toma
Business Development & Marketing Manager
White & Case
+ 40 31 224 8400

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