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Bourse investors ask the market watchdog to compel Rompetrol to make takeover offers

The capital market investors association AIPC demanded the market watchdog CNVM to ask the Rompetrol group to make public offers for the takeover of the companies Rompetrol Rafinare (RRC) and Rompetrol Well Services, reads the release sent today by AIPC.

According to the 203 article of the capital law, the major or significant shareholder of a listed company must make a public takeover offer for the rest of the shares within two months since shareholders changed.

Investors stress that breaking the law brings a fee of 0.5-5 percent of the contributed capital. They also suggest the introduction of a 0.1 percent penalty for each day of delay after the two months would have expired.

AIPC called for the attention of the market watchdog in the similar cases of other companies, among which Ardaf, Dunapref Giurgiu, Zimtub, Comat and Remarul 16 Februarie.

In this case, the notification came after the investments fund QVT, minor shareholder of RRC, asked at the end of last year the market watchdog to compel the Rompetrol Group to initiate the mandatory public takeover offer for RRC, which were owned by minor shareholders.

The Rompetrol Group is controlled by the Kazakhstan-based company KazMunaiGaz, which owns 75 percent of the group's shares.

 

Sursa: http://www.newsin.ro

Tags: takeover rompetrol watchdog market investors

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