Joma Industrial to offer 15.23 euros a share for CAT oil

Petro Welt Technologies AG

07/11/2014 17:51

FRANKFURT, Nov 7 (Reuters) - Joma Industrial Source Corp, 
the British Virgin Islands-based takeover vehicle of oil 
industry veteran Maurice Dijols, will offer 15.23 euros per 
share for CAT oil  O2C.DE , it said on Friday. 
    The offer comes after Joma built up an indirect controlling 
interest of nearly 48 percent in the German-listed CAT oil, 
which triggered a mandatory offer, according to German law. 
    CAT oil specialises in boosting productivity of wells via 
hydraulic fracturing, known as fracking. Its customers include 
Lukoil  LKOH.MM , Rosneft  ROSN.MM , Gazprom  GAZP.MM  and 
Kazmunaigas  RDGZ.KZ . 
    Joma said on Thursday it would give CAT "a substantial boost 
in industry know-how in its core markets, especially in Russia 
and Kazakhstan" because Dijols, 63, was behind the deal. 
 ID:nL6N0SW2G5  
    French-born Dijols spent more than three decades at Dutch 
oilfield services group Schlumberger, including as head of its 
Russia business from 2003 to 2011. 
    CAT oil shares closed down 2.3 percent on Friday at 14.75 
euros, giving it a market capitalisation of around 720 million 
euros ($895 million). 
    (1 US dollar = 0.8042 euro) 
 
 (Reporting by Harro ten Wolde; Editing by Mark Potter) 
 ((harro.tenwolde@thomsonreuters.com; +49 69 7565 1271; Reuters 
Messaging: harro.tenwolde.thomsonreuters.com@reuters.net)) 
 
Keywords: CAT OIL JOMA/