Kazmunaigas close to closing subsidiary stake sale

Kazmunaigas has nearly completed a deal to sell a 51% stake in its Romania-based subsidiary to China Energy Co.
By Staff reporter 8 September 2017 0 27503

Kazmunaigas has nearly completed a deal to sell a 51% stake in its Romania-based subsidiary to China Energy Co., Kazmunaigas Chief Executive Sauat Mynbayev said on Thursday.

“The deal is nearly complete. We have received all required approvals from the other side,” he told journalists on the sidelines of the Kazenergy Forum in Astana, Kazakhstan.

“We are not discussing any commercial issues. There are only some formalities that need to be finalised,” he added.

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