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Fuel storage and transport company Oilko KDA has launched a takeover offer for fuel retailer Makpetrol.
Oilko KDA is offering 67,001 denars (1,087 euros) per share, targeting 72,644 shares it does not already own in Makpetrol.
The targeted shares represent a 64.64% stake in the company. Oilko KDA currently holds a 22.87% stake in Makpetrol.
The takeover offer is valid until March 20.
Securities and Exchange Commission (SEC) approved the takeover offer earlier this week.
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