Majority shareholder and Rompetrol chief executive Dinu Patriciu is reported to have sold his holding for $2.7 billion in a deal that will give KMG enhanced access to the downstream market in western as well as central and eastern Europe. However, the National Securities Commission in Bucharest is investigating a surge in Rompetrol’s share price less than an hour before the deal was ratified. A statement from the NSC says: “The shares rose in an extremely short time, only 20 minutes, to the level at which trading is automatically suspended.”
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