OMV Petrom to acquire a 50% stake in Electrocentrale Borzesti from RNV Infrastructure.

OMV Petrom, an energy company, agreed to acquire a 50% stake in Electrocentrale Borzesti, a holding company of approximately 1 GW capacity of renewable projects, from RNV Infrastructure, an infrastructure asset owner,. Financial terms were not disclosed. “We welcome the partnership with Renovatio. With these transactions we progress significantly towards building a strong and diversified portfolio of renewable projects. Our ambition is to maintain our leadership position in the energy field in South-Eastern Europe, while transforming the business for a lower carbon future,” Christina Verchere, OMV Petrom CEO.