KazMunaiGas sweetens offer for London-listed unit
KMG提高买断伦敦上市子公司股权报价
广州上市翻译公司：这家哈萨克斯坦国有油气公司在和中国主权财富基金商谈后提高报价，突显北京方面在中亚地区影响力日益扩大。
National Company KazMunaiGas has sweetened its offer to buy out minority shareholders in its London-listed subsidiary after talks with
哈萨克斯坦国家石油和天然气公司(KazMunaiGas, KMG)的董事长表示，在和中国的主权财富基金商谈之后，KMG提高了其买断伦敦上市子公司少数股权的报价。广州上市翻译公司。
KazMunaiGas, which is 100 per cent owned by the Kazakh state, last month launched an attempt to tighten control over KazMunaiGas Exploration Production, or KMG EP, its UK-listed subsidiary, and offered to buy out its minority shareholders.
上月，哈萨克斯坦政府全资拥有的KMG试图收紧对其伦敦上市子公司KazMunaiGas勘探开采公司(KMG EP)的控制，提出收购少数股东所持全部股权。
NC KMG’s proposals to reform its relationship with KMG EP,
KMG旨在改变与KMG EP关系的提议，遭到了这家伦敦上市子公司的独立董事的强烈反对。KMG EP是哈萨克斯坦的第三大石油公司。独立董事们表示这种改变将“严重削弱公司治理”，并威胁要辞职。
On Wednesday, NC KMG increased its buyout offer to KMG EP’s minority shareholders from $7.88 to $9 per global depositary receipt, meaning the transaction is worth up to $1.3bn.
周三，KMG把收购KMG EP全部少数股权的报价从每份全球存托凭证(global depositary receipt) 7.88美元提高至9美元，这意味着交易价值高达13亿美元。广州上市翻译公司、
NC KMG also dropped one of the most contentious elements of the proposed package of changes to the agreement governing its relationship with KMG EP.
KMG还放弃了旨在对规范其与KMG EP关系的协议进行调整的拟议方案中最具争议性的元素之一。
Frank Kuijlaars, chairman of NC KMG, said the company had dropped the element — which would have given the parent company veto powers over the appointment of independent directors to the board of its subsidiary — after a meeting with China Investment Corporation, the Chinese fund that is the largest minority shareholder in KMG EP, with an 11 per cent stake.
KMG董事长Frank Kuijlaars表示，在与持有KMG EP 11%股权的最大少数股东、中国投资有限责任公司（CIC，中投公司）开会后，该公司已放弃了这一元素——该元素本来将让母公司有权否决子公司董事会的独立董事任命。
“That was their number one concern,” he told the Financial Times. “We said let’s give in, let’s recognise this. Giving up a veto doesn’t mean you cannot challenge certain decisions.”
“那是他们的头号担忧，”他告诉英国《金融时报》。“我们说，那我们让步吧，我们承认这一点。放弃否决权并不意味着你不能挑战某些决定。”
The move underscores Beijing’s growing sway in central Asia as it targets investment in the region. Chinese companies own close to a quarter of
此举凸显了北京方面在中亚地区日益扩大的影响力。中国正把投资目标瞄准中亚。中国企业控制着哈萨克斯坦近四分之一的石油产量。广州上市翻译公司。
Beijing’s concerns over KMG EP are in line with those of other shareholders, who described NC KMG’s offer to buy out minority investors as “a fiasco” and “outrageously low”, and told the Financial Times that they would shun a broader privatisation programme planned by the Kazakh government if the oil company did not alter its position.
北京方面对KMG EP的担忧与其他股东如出一辙，后者把KMG买断少数股权的报价称为“可耻结局”且“低得离谱”，并告诉英国《金融时报》，如果这家石油公司不改变立场，他们将冷落哈萨克斯坦政府一项更广泛的私有化计划。
NC KMG controls about 65 per cent of the voting rights in KMG EP.
KMG控制着KMG EP大约65%的表决权。
Chris Hopkinson, deputy chief executive of NC KMG and chairman of the board of KMG EP, said that the proposed changes were necessary to allow the parent company to push through efficiency improvements at KMG EP’s Soviet-era oilfields.
KMG副首席执行官、KMG EP董事长克里斯•霍普金森(Chris Hopkinson)表示，所提议的改革对于允许母公司在KMG EP的苏联时代油田推进效率提升工作是必要的。
Several shareholders in KMG EP said on Wednesday that the revisions to NC KMG’s proposals were not sufficient.
KMG EP的几个股东周三表示，对KMG提议的修改是不充分的。广州上市翻译公司。
“Too little, too late,” said Jacob Grapengiesser, partner at East Capital, one of the top funds specialising in the former Soviet Union and a KMG EP shareholder.
“太少了，也太迟了，”East Capital合伙人雅各布•格拉彭吉塞尔(Jacob Grapengiesser)表示。East Capital是一家专事投资前苏联地区的顶级基金之一，也是KMG EP的股东。
Glass Lewis, the shareholder advisory service, on Wednesday advised that investors vote against the proposals by NC KMG to tighten its grip on KMG EP.
股东咨询服务公司Glass Lewis周三建议称，投资者应该对KMG收紧对KMG EP控制权的提议投反对票。
Mr Kuijlaars said that CIC had not indicated whether it would support NC KMG’s proposals, but added he would be surprised if the Chinese fund sold its shares.
Frank Kuijlaars说，中投公司尚未表示是否将支持KMG的提议，但接着说，如果这家中国基金卖出自己所持股份，他将感到意外。
