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Romgaz Makes Exxon E&P Romania Offer

S.N.G.N. Romgaz S.A. has revealed that its board of directors has endorsed a binding offer to acquire all shares issued by ExxonMobil Exploration and Production Romania Limited. S.N.G.N. Romgaz S.A. has revealed that its board of directors has endorsed a binding offer to acquire all shares issued by ExxonMobil Exploration and Production Romania Limited, representing 100 percent of the share capital. In a statement posted on its website, Romgaz outlined that the offer was made on March 30, following a letter sent by ExxonMobil Upstream Business Development on February 15, which notified that the deadline for buyers to submit a binding offer was March 31. The offer and the conclusion of the transaction to acquire all shares are conditional upon approval of the extraordinary general meeting of the shareholders of S.N.G.N. Romgaz SA, in line with the laws and Romgaz articles of incorporation, Romgaz noted.