Court Grants Order Approving CNPC Acquisition of PetroKazakhstan
26 Octubre 2005 - 12:57AM
PR Newswire (US)
CALGARY, Oct. 25 /PRNewswire-FirstCall/ -- PetroKazakhstan Inc.
(the "Company") is pleased to announce today that the Alberta Court
of Queen's Bench has granted the order approving the Arrangement
involving the acquisition of the Company for US$55.00 cash per
share by a wholly-owned subsidiary of CNPC International Ltd. A
copy of the Court's decision has been posted to the Company's
website at http://www.petrokazakhstan.com/. PetroKazakhstan intends
to close the Arrangement tomorrow; October 26, 2005 as soon as
possible after the order has been filed with the Court.
PetroKazakhstan will make a further announcement once the closing
has occurred. PetroKazakhstan Inc. is a vertically integrated,
international energy company, celebrating its eighth year of
operations in the Republic of Kazakhstan. The Company is engaged in
the acquisition, exploration, development and production of oil and
gas, the refining of crude oil and the sale of oil and refined
products. PetroKazakhstan shares trade in the United States on the
New York Stock Exchange, in Canada on The Toronto Stock Exchange,
in the United Kingdom on the London Stock Exchange and in Germany
on the Frankfurt Exchange under the symbol PKZ. As of December 27,
2004, PetroKazakhstan shares began trading on the Kazakhstan
exchange under the symbol CA_PKZ. The Company's website can be
accessed at http://www.petrokazakhstan.com/. The Toronto Stock
Exchange has neither approved nor disapproved the information
contained herein. DATASOURCE: PetroKazakhstan Inc. CONTACT: Ihor P.
Wasylkiw, Vice President Investor Relations, (403) 221-8658, (403)
383-2234 (cell); Jeffrey D. Auld, Vice President, Treasurer, + 44
(1753) 410-020, + 44 79-00-891-538 (cell)
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