PETRO WELT TECHNOLOGIES AG (FRA:AT0000A0) Petro Welt Technologies AG: Closure of Operations in Romania
Transparency directive : regulatory news
21/10/2021 20:35
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DGAP-Ad-hoc: Petro Welt Technologies AG / Key word(s): Miscellaneous
Petro Welt Technologies AG: Closure of Operations in Romania
21-Oct-2021 / 20:35 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Vienna, October 21, 2021
Due to unforeseen delays and obstacles caused by Covid-19 restrictions the Company decided to halt its business expansion plans into Romania and instead focus on business opportunities in other markets. The majority of the equipment presently located in Romania will be relocated to the Company's operations in Russia in order to meet growing demand of its customers there.
About Petro Welt Technologies AG
Petro Welt Technologies AG, domiciled in Vienna, is one of the leading and first established oilfield services companies in Russia and the CIS and is specialized in services which increase the productivity of new as well as existing oil and gas formations.
Contact
Konstantin Huber (be.public)
Investor Relations
T: +43 1 503 2 503-29
huber@bepublic.at
21-Oct-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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| Language: |
English |
| Company: |
Petro Welt Technologies AG |
|
Kärntner Ring 11-13 |
|
1010 Vienna |
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Austria |
| Phone: |
+43 1 535 23 20-0 |
| Fax: |
+43 1 535 23 20-20 |
| E-mail: |
ir@pewete.com |
| Internet: |
www.pewete.com |
| ISIN: |
AT0000A00Y78 |
| WKN: |
A0JKWU |
| Listed: |
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: |
1242731 |
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| End of Announcement |
DGAP News Service |
1242731 21-Oct-2021 CET/CEST
