ROMPETROL WELL SERVICES S.A.
Transaction -NC KazMunayGas and China Energy Company LTD will not be completed
Release Date: 7/3/2018 3:05:10 PM
IRIS Code: 663DD
03 July 2018
KMG International Group (KMGI) informs that the transaction on acquisition of 51% of shareholding interest in KMG International N.V. by China Energy Company Limited will not be completed.
The long-stop date by which the parties were to obtain all of the condition precedent has expired on 30th of June 2018 and the parties will not extend the period thereof.
The above decision has no impact on the operations of KMG International N.V. and its subsidiaries and they continue to benefit from the full support of its parent National Company “KazMunayGas”.
Vice President Corporate Development
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