DGAP-News: KAMPAC International plc: KAMPAC OIL M.E. GOES PUBLIC and SECURES EUR200 million FUNDING
(firmenpresse) - KAMPAC International plc / Miscellaneous
21.05.2010 18:15
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KAMPAC OIL M.E. GOES PUBLIC and SECURES EUR200 million FUNDING
DUBAI, May 21st , 2010 - Kampac Oil M.E. FZCO, ('Kampac') is pleased to
announce that on 12th April 2010, it listed on the Frankfurt Stock Exchange
('FSE) Symbol : A55 and simultaneously signed a EUR200 million equity line
of credit facility with GEM Global Yield Fund Limited ('GEM global') to
finance the expansion and development of its Oil and Gas related projects
across Sub-Saharan Africa.
Kampac Oil M.E. FZCO, a multi-faceted Oil and Gas international company,
has principal activities in Exploration, Trading, Refining, Distribution,
Oil Infrastructure Development, Equipment supplies and Oil Services. It has
a global presence in over 13 countries, which also includes diversified
businesses interests in emerging and frontier markets namely Africa, Asia,
Middle East and South America. It will be listed on the FSE under the name
of Kampac International Limited.
Global Emerging Markets ('GEM') was founded in 1991. The firm is a $3.4
billion alternative investment group that manages a diverse set of
investment vehicles focused on emerging markets across the world.
Under the signed agreement, GEM global will provide funds to support the
development and implementation of Kampac's key projects in emerging
markets.
Charles Ampofo, Chairman and CEO, said, 'This is the beginning of a long
term relationship and I am pleased in the formation of this partnership in
view of the current financial crisis. I see it as a marriage with
longevity that will aid the development and implementation of key projects
in Sub-Saharan Africa'.
Global Emerging Markets Limited, www.gemny.com, was founded in 1991. GEM is
a $3.4b investment group having completed 285 transactions in 60 countries.
The firm is an alternative investment group that manages a diverse set of
investment vehicles across the world. GEM's funds include: CITIC/GEM Fund;
VC Bank/GEM Mena Fund; Kinderhook; GEM Global Yield Fund; GEM India and
Banco Pine/GEM Funds.
Kampac Oil M.E. FZCO, www.kampacgroup.com, is a multi-faceted Oil and Gas
international company with principal activities in Exploration, Trading,
Refining, Distribution, Oil Infrastructure Development, Equipment supplies
and Oil Services, with a global presence in over 13 countries.
These statements are based on current expectations and projections about
future events and involve known and unknown risks, uncertainties, and other
factors that may cause actual results and performance to be materially
different from any future results or performance expressed or implied by
these forward-looking statements. Readers are cautioned not to place undue
reliance on forward-looking statements. Kampac International Plc.
undertakes no obligation to update any such statements to reflect actual
events.
For more information on the company:
Visit us on the Web at www.kampacgroup.com or contact us by e-mail at ivr(at)
kampacgroup.com
To contact us by phone, call our Canadian office at: 1-416-897-4796
21.05.2010 18:15 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
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Datum: 21.05.2010 - 18:15 Uhr
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