Rompetrol-KazMunaiGas deal – Rompetrol takeover poses no risks to competition, EC deems

The European Commission gave its consent on the takeover of the 75 percent majority stake of The Rompetrol Group, the second-largest oil company in Romania, by Kazak-based KazMunaiGas, saying it does not affect competition on the market, according to a release.Activities carried out by the two companies are complementary on the European market, the body deemed. Kazakhstan’s state-owned KazMunaiGas bought 75 percent of Rompetrol on August 27 uttering interest in the Petromidia oil refinery, ...

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