Monday’s transactions, whereby the Rompetrol group took over
15.7% of Rompetrol Rafinare (RRC) from a group of 25 minority
shareholders will be considered as being part of the takeover offer
that Rompetrol and Kazakh group KazMunaiGaz also launched on
Monday, which targeted a 24% stake in RRC, CNVM (National
Securities Commission) decided yesterday.
CNVM is in this way seeking to recover around 1.1 million euros in
commissions it should have collected if the transaction had
occurred as part of the offer. According to the regulation in
force, CNVM collects 2% of the value of shares sold as part of the
offer. On the other hand, for transactions sealed on the Stock
Exchange, the Commission only collects 0.08% of their value. From
Monday’s 60 million-euro transfers, CNVM would have collected only
50,000 euros, as opposed to 1.2 million euros if the transactions
had occurred as part of the offer.
ZF English
CNVM wants all its money from the Kazakhs: 1.2m euros
Monday's transactions, whereby the Rompetrol group took over 15.7% of Rompetrol Rafinare (RRC) from a group of 25 minority shareholders will be considered as being part of the takeover offer that Rompetrol and Kazakh group KazMunaiGaz also launched on Monday, which targeted a 24% stake in RRC, CNVM (National Securities Commission) decided yesterday.
