SHM Smith Hodgkinson have just completed its fifth valuation of Romania’s largest oil refinery, Petromidia in Constanta, Romania.
The site is owned by the Rompetrol Group, one of Romania’s largest producers of fuels and petrochemicals.
A team of valuers from SHM’s Bucharest and Manchester offices carried out the valuation of the oil refinery at Constanta in the east of the country.
SHM has extensive experience in the oil and gas sector having carried out numerous valuations across the UK, Europe and Asia.
Ian Maycock at shm comments: “These various valuations have been prepared for a variety of uses over the years, such as insurance, asset finance and balance sheet preparation.“
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Note to Editors:
shm Smith Hodgkinson, a Gordon Brothers company, is the UK’s leading independent commercial auctioneer, appraiser and valuer of business assets providing services to banks, asset-based lenders, corporate finance professionals, and insolvency practitioners. The firm regularly undertakes the disposal of company assets for insolvency, restructuring and corporate closures.
shm has four offices in the UK - Manchester, Leeds, Birmingham and London - and has a strong presence in South East Asia, Central and Eastern Europe with offices in Bucharest, Belgrade, Bangkok and Kuala Lumpur.
The firm has held a number of high profile auctions including, what is considered to be, the world’s largest when it sold the assets of the Amedeo Development Corporation in Brunei.
For more information, please visit <http://www.shm.co.uk/>