ZF English

Petromservice plans to buy stock in a bank in the Republic of Moldova

22.08.2007, 18:44 11

Petromservice, an oil services and constructions company, plans to acquire a significant stake in a bank in the Republic of Moldova and will undergo restructuring through the creation of new firms. The proposal will be discussed with the company's shareholders on September 18, according to an announcement published by the company in the Official Gazette. Shareholders will also decide on the sum required for the takeover of stock in a bank in the Republic of Moldova, and also the level of Petromservice's participation. The Extraordinary General Meeting of Shareholders will also discuss the proposal related to the company's economic-financial restructuring through the setting up of new companies in which Petromservice will hold stock, the development of new activities and its entrance onto other markets, or through other ways proposed by the board of directors, as well as the modification of the company's organisational structure.

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