Vetro Energy
 | |
| Company type | Private |
|---|---|
| Industry | Oil and gas |
| Products | Petroleum product |
| Website | vetroenergy |
Vetro Energy is a Singapore and Houston, Texas–based operating and management company with Rezart Taçi as its majority shareholder.[1] Vetro Energy targets upstream oil & gas investments worldwide.[2] In October 2012, Vetro Energy bid to privatize the Albania state-owned oil company Albpetrol.
Albpetrol acquisition
[edit]On October 3, 2012, the Albania government announced, Vetro Energy won the bid for the privatization of Albpetrol, which would have given it the right to use the Albanian state-owned oil firm for the next 25 years. Vetro's bid of €850 million ($1.1 billion) for Albpetrol was rated 97.7 points by Albania's U.S. consultancy, Patton Boggs. Other bids included offers from China's Win Business Bright Oil, and Canada's Bankers Petroleum.[3] After winning the bid to buy Albpetrol, Rezart Taçi announced on November 22, 2012, Vetro Energy had completed the financing of €850 million to finance the transaction.[4][5]
The deal was subsequently cancelled by the Albanian government after Vetro Energy failed to pay the initial payment.[6]
References
[edit]- ^ "Rezart Taci's Companies". RezartTaci.com.
- ^ "Vetro Energy Website". Archived from the original on 2012-10-28. Retrieved 2012-10-26.
- ^ "Albpetrol privatized. Government announces Vetro Energy as winner". Albanian Screen TV. October 13, 2012. Retrieved 22 November 2012. [permanent dead link]
- ^ "Taci Finalises Financing Package in one of the Balkans' Largest Ever Corporate Deals". Market Watch. Retrieved 2012-11-22.
- ^ "Rezart Taci Finalises Financing Package for Albpetrol Purchase". Rezart Taci.com. Retrieved 2012-11-22.
- ^ "Albania calls off Vetro offer for Albpetrol oil firm". Reuters. Retrieved 3 January 2016.