Joma to make mandatory offer for CAT oil

Petro Welt Technologies AG

31/10/2014 15:59

VIENNA, Oct 31 (Reuters) - British Virgin Islands-based Joma 
Industrial Source acquired a 47.7 percent voting stake in CAT 
oil AG  O2C.DE  this week and will make a mandatory offer to 
other shareholders of the German-listed Austrian company, Joma 
said in a regulatory release on Friday. 
    "Joma Industrial intends to offer the shareholders of C.A.T. 
oil AG...a price in cash equalling the domestic weighted average 
stock exchange price of the C.A.T. oil share during the last 
three months prior to the publication of the acquisition of 
control," it said. 
    CAT shares were up 5 percent at 15.40 euros by 1539 GMT. 
     
     
     
 
 (Reporting by Shadia Nasrall, Editing by Michael Shields) 
 ((Michael.Shields@thomsonreuters.com; +43 1 531 12 258; Reuters 
Messaging: michael.shields.thomsonreuters.com@reuters.net)) 
 
Keywords: JOMA CAT OIL/OFFER