The document signed by entrepreneur Stefan Vuza, chairman and a majority stakeholder in Chimcomplex, a RON5.5 billion company, shows that CHOB’s plans for the chemical and petrochemical integration unit also include the acquisition of Rompetrol Rafinare, “with an offer set to be formulated to this end in early 2022”.
To raise funding for this, Chimcomplex announced it was working with the famous US investment bank Rothschild, with the agenda including a bond issue in 1H/202, without specifying the bourse, as well as equity partnerships.
Rompetrol Rafinare (RRC.RO), which operates the Petromidia Navodari and Vega Ploiesti refineries, is majority owned by Kazakhstan’s KMG International Group (54.63%; directly and indirectly) and by the Romanian State (44.69%).
(English version by Catalina Apostoiu)