News

2017-10-31

Transaction between KazMunayGaz and China Energy Company Limited on purchasing the control stake in KazMunayGas dutch subsidiary is officially closed

Transaction between KazMunayGas and China Energy Company Limited is officially announced closed. According to deal CEFC purchased 51% of shares and KMG keeps 49% of its stake in a subsidiary KazMunayGas International that owns two Romania’s oil refineries – Petromidia Navodari and Vega Ploiesti, +fuel distribution network in Romania, Bulgaria, Moldova, Georgia, as well as through its partners in the Black Sea region.

Chinese expansion is on its way more than ever under global project “One Belt One Road”.

BOND STONE is a member of legal team that supported the transaction from Kazakhstan party.