The Kazakh shareholders in Rompetrol group are willing tonegotiate with the Romanian state on the repurchase of the 44.6%stake in Rompetrol Rafinare (RRC)-Petromidia they ceded to thestate last week as payment for the 517m-euro debts unsettled bySeptember 30.
The Kazakhs are virtually saying they want to pay cash for thestock to the state, after in recent months they have maintainedthey did not have money to entirely buy back the bonds, because ofPetromidia losses.
The state, which at no time wanted to become a shareholder inPetromidia again, is likely to recover less from the sale of theshares, as the company has been loss-making over the past years.The government has announced it would challenge the decision toconvert bonds into shares in court.
"The Romanian state will challenge in court all the actions ofRompetrol breaching current Romanian regulations and will recoupthese sums in court," Prime Minister Emil Boc stated on Friday.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
