Brief: CAT oil's board urges Joma Industrial to disclose intentions

Petro Welt Technologies AG

05/11/2014 07:31

Nov 5 (Reuters) - CAT oil AG  O2C.DE : 
    * Says management board is fully committed to get 
clarification on asserted shareholder change at its major 
shareholder CAT. Holding and mandatory public takeover offer 
announced by Joma Industrial Source Corp 
    * Says in interest of all shareholders, customers and 
employees management board will take all reasonable steps to 
avoid uncertainty about future direction of company 
    * Says urges Joma Industrial to promptly disclose its 
intentions 
    * Requested information about bidder's intentions; until 
today, these requests have not been answered by Joma Industrial 
or its representatives 
    * Says received confirmation by Walter Hoeft that asserted 
sale of his stake in CAT. Holding was not planned by him 
 
Source text for Eikon:  ID:nEuKE116a  
Further company coverage:  O2C.DE  
 
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Keywords: CAT OIL/BRIEF