Petrolinvest continues to attract investors

2008-10-21 00:00

publikacja
2008-10-21 00:00

"We anticipate that it would concern a share issue of $150-250 million," said Paweł Gricuk, president of Petrolinvest. He went on to say that signing of a letter of intent with the new financial investors could take place in November, while shareholders would vote on the issue before the end of the year.

Proceeds from the private placement will be designated for boosting extraction to 10,000 barrels of oil per day. Following these transactions company founders Ryszard Krauze and Petrolinvest would control only a 20 percent stake in the firm. Paweł Gricuk also announced that next year a yet unnamed sector investor could enter the firm.

Source: Parkiet (M.M.)

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Petrolinvest continues to attract investors

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