Rompetrol Rafinare
OpenCalais Metadata: Ticker
OpenCalais Metadata: LegalName
Bucharest Stock Exchange, down almost 10 pct Monday morning
Bucharest Stock Exchange (BVB) opened Monday's session down, and 10 minutes in, it recorded transactions worth 14.23 million lei (2.9 million euros). The main BET index, indicating the trend of the 15 most liquid companies, registered a decrease of 9.79 pct, to 8,520.67 points, and the BET-Plus index, which shows the trend of the 37 most liquid titles from BVB, was down 9.56 pct.
Chinese Seal Major Romanian Energy Acquisition
Romania on Thursday approved China Energy Company Limited's purchase of a majority stake in KMG International, by which it will obtain control of the Romanian energy company Rompetrol Rafinare.
Kazahstan-based KMG International owns 48.1 per cent of Rompetrol Rafinare, with the Romanian state owning another 44.7 per cent. Other share holders hold the rest.
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Romanian Court Rejects Oil Company's Insolvency Request
The Bucharest County court on Tuesday rejected the request for insolvency filed by the Romanian oil company Rompetrol SA, which is part of the Netherlands-based oil and gas group KMG International.
The reasoning of the judges had not been made public so far, but Rompetrol has seven days to appeal.