KMG to decide in 3 months if it will take over Rompetrol
Thursday, May 15, 2008
KazMunaiGas, majority shareholder of Rompetrol, will decide in three months if it will up its participation in Rompetrol to 100 percent, after acquiring 75 percent of shares in August 2007 from businessman Dinu Patriciu.Uzakbai Karabalin, President of KazMunaiGas, said the group has the option to buy the remaining 25 percent of shares. Rompetrol officials did not comment on the information.Analysts indicate that there will be no fundamental change in strategy if KazMunaiGas ...