Amadeusz Juskowiak

National intergroupnii to offer permian units

National Intergroup Inc said it plans to file a registration statement with the securities and exchange commission for an offering of cumulative convertible preferred partnership units in Permian Partners LP

The Permian Partners LP was recently formed by National Intergroup to continue to business of Permian Corp acquired by the company in 1985

The company said Permian will continue to manage the business as a general partner retaining a 35 pct stake in the partnership in the form of common and general partnership units

It did not say how many units would be offered or what the price would be