Black Sea Global Properties targeting Deutsche Land

Rompetrol’s property arm Black Sea Global Properties looks set to take a majority stake in Deutsche Land, given the open arms the German company’s boss is displaying. “We welcome the strong support from BSGP,” says Deutsche Land chairman Stephen Dickinson in the Wall Street Journal. Rompetrol is Romania’s second largest oil company. Deutsche Land booked a €58m write down on the value of its property holdings for 2008.


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