Romanian KMG International, the former Rompetrol group, is currently negotiating the acquisition of a network of 100 petrol stations in Spain.
The Chinese CEFC Group has recently received the approval of the Romanian authorities to take over Rompetrol, and will most probably become the majority stakeholder in the company this fall. KMG International focuses on the Black Sea and the Mediterranean Sea areas, and searches for ways to enter the Turkish oil products market. However, the company is also interested in entering European markets such as Greece, Italy and Spain, according to KazMunayGas, the Kazakh state-owned group that is still the majority stakeholder in Rompetrol.
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Tags: CEFC, expansion, fuel, KMG International, petrol station, Romania, Rompetrol, Spain