Lodamun

[imperialpearl]

In a statement released earlier this morning, the Federal Holdings and Investment Board (FHIB), the agency responsible for the management of the various shares and investments held by the Lodamese Government, announced that it would be acquiring PetroRoyale’s 25% stake in SouthernOil. The Lodamese Government has long underscored the importance of crude oil and natural gas to the nation’s economic future, particularly amidst growing investment into Berkwaki’s downstream petrochemicals sector. Sourcing reliable crude oil and natural gas remains an ever-present concern for the government as the vast majority of the nation’s major energy producers are either in a lacklustre state of production or have histories of chronic political uncertainty/instability. The statement noted that although the agency contested the scale of PetroRoyale’s 25% stake, it was nonetheless committed to a review of the company’s stake and a subsequent revaluation. “The 165 billion LFR valuation for a 25% stake in a lesser-known energy company operating primarily in the South Ocean is certainly of concern. It is our belief that the figure stated may have been an error on the part of the Lourennais media or their source as such a valuation exceeds the market value of many of the world’s more established energy companies including Neftkomp and Enies,” The statement read. SouthernOil was created via a joint venture between numerous companies both Luthori and Lourenne, and primarily operated in the South Ocean Basin. PetroRoyale’s decision to sell its stake to the FHIB comes amidst growing fortune in Trigunia (even as the nation experiences mounting domestic instability) and Aldegar (which is experiencing a minor rebound in economic activity). Owing to the regulations governing the FHIB, although it would acquire a quarter of stock in the company, it would refuse to exercise a voting right and would instead throw the weight of its stake behind decisions which advance the value and assets of the company. “The FHIB is restricted in what it can do when it acquires stakes in numerous companies and investment opportunities. It is much different from the conglomerate holding firms of the world in that it is ultimately guided by the principle of “reasoned actions.” To finalise the sale, President of the FHIB Dr Isaac Caldwell alongside officials from the Treasury Department and the Department of Energy and Natural Resources travelled to Eroncourt to meet with officials from both PetroRoyale and SouthernOil. The decision ultimately represents the first major foreign stake/asset purchase by the FHIB and is ultimately in line with the agency’s founding premise which was to manage, secure and expand the investment holdings of the Commonwealth of Lodamun. Dividends from SouthernOil, similar to domestic holdings will likely be routed to the Public Capital Fund (PCF) which now exists as the nation’s quasi-sovereign wealth fund