RUMANIAN OIL
CONTROL OF COMPANIES GERMANY’S DESPERATE BID LONDON, Feb. 16. The Financial News says Germany is intensifying her drive to acquire control of Rumanian oil companies. Agents are buying all available shares, They have established substantial minority participations and are persistently bidding to obtain the remainder, necessary for control. Britain is not counter-bidding, and Germany is, therefore, likely to acquire companies totalling a considerable output. Germany gained control of a petrol bloc in November and more recently Petrolul Roman6SCU. It is understood t that the Rumanians urged Britain to bid for Petrolul Romanescu, but the Ambassador failed to get a reply from London. Germany is bringing pressure on the Rumanian Government to sell out control of Creditul Minier, the most important Rumanianowned oil company, which the Nation Bank rescued from the Germans. The Germans have secured a large holding, in the Irdp Company, and are making efforts to buy more. The Nation Bank is unlikely to intervene, and holders will sell cheaply in view of the absence of British bids.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/ODT19400219.2.79
Bibliographic details
Ngā taipitopito pukapuka
Otago Daily Times, Issue 24226, 19 February 1940, Page 8
Word count
Tapeke kupu
171RUMANIAN OIL Otago Daily Times, Issue 24226, 19 February 1940, Page 8
Using this item
Te whakamahi i tēnei tūemi
Allied Press Ltd is the copyright owner for the Otago Daily Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in