OREANDA-NEWS. April 7, 2011. The Romanian government has announced Renaissance Capital was ranked first in a tender for organising a secondary public offering of a 9.84% stake in OMV Petrom SA, Romania’s largest oil and gas company.

Renaissance Capital is working with a consortium of local brokerage firms, including EFG Eurobank Securities, BT Securities and Romcapital.

To support its activities in Romania, Renaissance Capital plans to open a Bucharest office, which will offer investment banking services, privatisation advisory and private equity financing. The Firm is currently working on two local M&A mandates for Romanian clients in the private sector, and plans to pursue privatisations and private deals in a range of industries, such as oil and gas, utilities, banking, consumer goods and infrastructure.