ATHENS (AFX) - Petroshares Ltd, owned by the Vardinogiannis family, said it will place a 5.4 pct stake in Greek refiner Motor Oil Hellas on the market, through an accelerated bookbuilding.
The placement of about 6 mln Motor Oil Hellas shares will be sold to international and domestic institutional investors and at current prices is worth about 135 mln eur.
Petroshares Ltd will own 11 pct of Motor Oil's share capital after the placement.
Petroventure Holdings Ltd, which is also controlled by the Vardinogiannis family, currently owns 51 pct of Motor Oil Hellas, making the Vardinogiannis family the majority shareholders in the Greek refiner.
The book runners will be Citigroup Global Markets Ltd and Merrill Lynch.
Source: Euro2day.gr NewsWire skrekas@euro2day.gr hjp/ma COPYRIGHT Copyright AFX News Limited 2005. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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