Deloitte Romania assisted Romgaz in obtaining the EUR 325 million loan from Raiffeisen Bank for the partial financing of the takeover of Exxon shares in the Black Sea gas project.
“Deloitte Romania assisted Romgaz, the largest natural gas producer in Romania, 70 percent owned by the Romanian state, in obtaining the EUR 325 million loan from Raiffeisen Bank, which will be used to partially finance the takeover shares of Exxon Mobile Exploration and Production Romania Limited (EMEPRL), which owns 50 percent of the Neptune Deep Black Sea gas project. The loan facility was granted for a period of five years and is correlated with the overall financial performance of Romgaz “, it is mentioned in a Deloitte Romania press release.
