Rompetrol Holding SA confirms that we have received today formal notification from the European Commission that the purchase by KazMunayGas of a 75% stake in The Rompetrol Group N.V. (TRG), announced on 27th August 2007, has received their regulatory approval.
With the approval by the European Commission, the agreement between Rompetrol Holding and KazMunayGas has received full regulatory clearance covering all the markets where the two companies are presently active. Rompetrol Holding welcomes this decision as the company can now finalize and proceed to close the transaction with our KazMunayGas partners.
About TRG
The Rompetrol Group N.V. (TRG) is one of the first 25 multinational oil companies in the European Union, according to revenues. TRG is headquartered in Netherlands and most of its operations and assets are located in France, Romania, Spain and South-Eastern Europe. TRG stands for a connection point between the eastern oil resources and the western sale markets, ensuring a constant flow of raw material and responding to the consumers’ needs for products at European standards. The Group is active primarily in refining and marketing/downstream, with additional operations in exploration, production and other services for the oil industry. The Group has more than 8000 employees in 13 countries. TRG aims to become one of the largest oil companies in Europe and to contribute to the European energetic security by obtaining a strong position in the Black Sea and Mediterranean Sea areas.