60 mln euros for 15.7 pct stake in Rompetrol Raűnare

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Rompetrol Group, company controlled by Kazakhs from KazMunaiGaz has bought a package of 15.7 percent of Rompetrol Rafinare – Petromidia (RRC) in exchange of 248.5 million lei (60 million euros), informs Ziarul financiar daily.

The transaction involving 6.5 percent of the stock was conducted via Eastern Securities brokerage firm, controlled by the family of UDMR senator Attila Verestoy, which held a significant RRC stake. The remainder of 9.2 percent of the stock was mediated by BRD, also an intermediary in the take over offer launched by Kazakhs for 34 percent of RRC. Following these transactions, Kazakhs have yet to acquire slightly over 8 percent of RRC stock, the quoted paper also informs.

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