Dijols' Joma controls 73 pct of CAT oil as takeover offer runs out

Petro Welt Technologies AG

07/01/2015 14:38

VIENNA, Jan 7 (Reuters) - Oil industry veteran Maurice 
Dijols controls 73.4 percent of Austrian fracking specialist CAT 
oil  O2C.DE , Dijols' takeover vehicle Joma said on Wednesday, 
one day ahead of the deadline of the takeover offer. 
    CAT oil's management and supervisory boards have recommended 
that the Austrian company's shareholders accept the takeover 
offer.  ID:nFWN0U303X   ID:nL6N0TV109   
    Dijols launched the offer in December, valuing CAT oil at 
744 million euros. At 15.23 euro per share, the offer runs 
through Jan. 8. CAT oil shares were steady at 14.80 euros at 
1419 GMT. 
    The offer came after Joma built up an indirect controlling 
interest of almost 48 percent in the German-listed CAT oil, 
which triggered a mandatory offer.  ID:nL6N0SW2G5  
    CAT oil specialises in boosting productivity of wells 
through hydraulic fracturing, known as fracking. Its customers 
include Lukoil  LKOH.MM , Rosneft  ROSN.MM , Gazprom  GAZP.MM  
and Kazmunaigas  RDGZ.KZ . 
 
 (Reporting by Angelika Gruber and Shadia Nasralla, editing by 
Louise Heavens) 
 ((Shadia.Nasralla@thomsonreuters.com; +43 664 390 6505; Reuters 
Messaging: shadia.nasralla.thomsonreuters@reuters.net)) 
 
Keywords: CATOIL M&A/JOMA