KazMunayGas and Rompetrol Holding SA Announce the Acquisition by KazMunayGas of a 75% Interest in The Rompetrol Group NV.
PR Newswire Europe, August, 2007
ASTANA and AMSTERDAM, August 27 /PRNewswire/ -- Today KazMunayGas ("KMG", LSE: KMG, KASE: RDGZ) announced it has signed a binding share purchase agreement to acquire from Rompetrol Holding SA (Switzerland) a 75% equity interest in Netherlands-based The Rompetrol Group NV ("TRG", BVB: RRC, PTR), assessed at an enterprise value of 3,616 million US$. Rompetrol Holding will continue to hold the remaining 25% equity in TRG. The sale was the culmination of a 7 month private auction process conducted by Morgan Stanley's London-based Energy Group. The sale is conditional upon approval of the European Commission and other relevant competition authorities. The two shareholders anticipate that their agreement will be approved with enthusiasm as they are confident that it...
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