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.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s