Kazakhs build up strategic position at Petromidia

Rompetrol Rafinare Constanţa (RRC), the company owning Petromidia refinery, is likely to increase its share capital by over 1bn euros, with the Kazakh shareholders in the refinery being determined to go ahead with the plan to convert into shares the bonds that were not bought back from the state, worth around 517m euros.Moreover, the Kazakhs proposed that the company's current shareholders should be able to subscribe a sum equalling the bonds to be converted into shares. ...

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