Rompetrol Group prepares takeover offer  for shares held in Rompetrol Rafinare and Rompetrol Well Services

The Rompetrol Group has started to prepare the necessary documentation to launch a compulsory public offer to take over shares in Rompetrol Rafinare and Rompetrol Well Services which it does not yet hold. But the group demanded the Romanian National Securities Commission to extend the deadline to submit the documentation to October 30, a press release of the Romanian Stock Exchange reads.

The National Securities Commission adopted on June 22 an instruction according to which any shareholder which holds more than 33% of the voting rights in a company has to make a public takeover offer.

The Rompetrol Group holds 51% of the Rompetrol Well Services capital and 75.32% of shares in Rompetrol Rafinare.