Joma to make mandatory offer for CAT oil

viernes 31 de octubre de 2014 11:43 GYT

VIENNA Oct 31 (Reuters) - British Virgin Islands-based Joma Industrial Source acquired a 47.7 percent voting stake in CAT oil AG this week and will make a mandatory offer to other shareholders of the German-listed Austrian company, a regulatory release on Friday said.

"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 Nasralla, Editing by Michael Shields)