Economy minister suggests Petrom employees keep shares

The Economy minister Codrut Seres said on Wednesday that the stakes sale to the Petrom employees might be assisted by a bank or a bank consortium with a network of at least 150 units at the national level, chosen in the wake of a public bid, provided the Government refused to trade the Petrom titles via an employees’ organization.

Seres did not exclude the possibility of a substantial drop of the shares’ price if the whole 8 – percent stake would be sold within a short time allowing others to buy cheap. Therefore he recommended the Rompetrom employees not to sell their shares.

A memorandum of the Ministry of Economy entails two options for the Petrom shares sale- a direct one to the employees, and an intermediated one by an employee association. The document is to be debated by the Government this week.