KazMunayGaz Offers To Buy Out Subsidiary's Minority Shareholders

Reuters

ALMATY, June 17 (Reuters) - Kazakhstan's national oil company KazMunayGaz (KMG NC) will offer to buy out minority shareholders of subsidiary Kazmunaigas Exploration and Production (KMG EP) , it said on Friday.

The offer of $47.28 per common share is conditional upon minority shareholders approving amendments to an agreement governing the relationship between the two companies, KMG NC said in a circular.

(Reporting by Olzhas Auyezov; editing by Jason Neely)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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