Romanian state has no legal means to refuse conversion of bonds into shares or partial payment of Rompetrol debt

Romanian state has no legal means to refuse a conversion of bonds into shares or the partial payment of debt by Rompetrol Group, representatives from three law houses representing the company said in a press conference on Wednesday. That is, because a contract signed with KazMunayGaz on the takeover of Petromidia included a provision on the possibility of the shareholder to opt between the two solutions. Rompretrol representatives said that options were still open and that talks were still ...

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