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BRD SocGen financed part of the Rompetrol-KazMunaiGas deal

Publicat la 21.02.2008, 22:00:00

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BRD SocGen financed part of the Rompetrol-KazMunaiGas deal
BRD SocGen provided financing worth $250 million (€170 mln), as part of a total $3 billion (€2 bln) loan obtained by the Kazakh group, according to BRD SocGen’s financial report, published yesterday.

Late last year, KazMunaiGas announced it had borrowed a total €3.1 bln in a syndicated loan to finance the purchase of Rompetrol. The deal was brokered by three banks - ABN AMRO, Calyon and Credit Suisse.

KazMunaiGas purchased 75 percent of Netherlands-registered The Rompetrol Group, and owned by businessman Dinu Patriciu. Financial details of the transaction were not revealed, but the company is estimated to be worth some €3.6 billion (€2.4 bln).

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