Tuesday, March 10, 2015

Rothschild Scion Takeover of Kurdish Iraq Oil Co.

Rothschild Scion Takeover

of Kurdish Iraq Oil Co.


From Klosters to Kurdistan

Iraq-Erbil: Nat Rothschild’s world stretches from the coal mines
of Indonesia via the aluminum smelters of Siberia to a legendary
wine estate in France. And it just got much bigger.

Last week, Mr. Rothschild made a huge bet on the oil fields of
Iraqi Kurdistan, one of the last great frontiers in oil exploration.
His investment vehicle Vallares PLC said it will merge with
Genel Energy International Ltd., a Turkish firm that pumps oil
n Kurdistan, to create a $4 billion company.

The deal has raised some eyebrows in London. Critics say cash
shells like Vallares provide a back door to the London Stock
Exchange for murky emerging-market firms that might otherwise fail
to comply with listing rules.

Yet when Vallares listed last June, it raised a whopping $2.18 billion—
--a mark of the faith Mr. Rothschild inspires in investors.

“These are very unusual structures because you get entrusted with
people’s capital and get given the license to do what you want with it,
on the basis of trust,” he says.

Read more here:
rothschild-scion-takeover-of-kurdish-iraq-oil-co/

1 comment:

Anonymous said...

this article is from 2011 ( 3 YEARS AGO ) -----

WHY ARE YOU POSTING THIS NOW?!??!?!?!

- without any comment prior?!??!!?