CASSONA SE
CASSONA establishes branch offices in Bahrain
CASSONA SE / Key word(s): Miscellaneous
CASSONA establishes branch offices in Bahrain CASSONA prepares first investments in the crude oil production industry and related infrastructure projects of Arabia, the most oil-rich area of the world. Frankfurt (20 March 2013) – CASSONA (COE) informs that the company establishes new branch facilities in Arabia. The company therefore moves into offices in the Trust Tower, Diplomatic Area of Manama, the capital of the Kingdom of Bahrain. ‘We deliberately choose to go to Bahrain’, says the Executive Director Oliver Walangitang. ‘Bahrain is business friendly and provides a Western standard from the social point of view as well as concerning legal security and reliability. This location is ideally connected and centrally located for our contacts in Saudi Arabia, Qatar and the United Arabian Emirates to guarantee permanent availability.’ The largest crude oil resources are located in Saudi Arabia, followed by Canada and the other Gulf countries. The production and processing of crude oil is the most important economic sector of the region. CASSONA appoints the locally domestic manager Abdullah Hubert Eikel as Senior Vice President & Director Gulf Countries. CASSONA is an investment corporation for target companies of the business sector of natural resources, mining and related infrastructure projects. By expanding to the Arabian hemisphere, CASSONA enlarges its focus on deposits in Canada, Russia and Kazakhstan also to the most oil-rich area of the world. CASSONA is a European corporation with domicile in Frankfurt Main. The shares are listed at the stock exchange GXG Markets and are traded at the Open Market of Frankfurt Stock Exchange FWB and at Berlin Stock Exchange (ISIN DE000A1C6T63). ir@cassona.de This announcement contains forward-looking statements that are based on current assumptions and forecasts of the management of CASSONA SE. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our company. The company assumes no liability to update these forward-looking statements or to conform them to future events or developments. (c) 2013 CASSONA SE is a European corporation in the legal form societas europaea (SE) with headquarters in Frankfurt am Main, country of origin Germany and first quotation at the Danish stock exchange GXG Markets A/S in the EU regulated market segment GXG Official List. End of Corporate News 20.03.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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