Hungary bought the share of OAO Surgutneftegaz in MOL

Hungarian authorities bought the share of OAO Surgutneftegaz in MOL, reported Bloomberg agency with reference to the Prime Minister Viktor Orban.

Redeemed share in MOL (21,1%) is estimated at 517 billion Hungarian forints (1.9 billion Euro) , based on Budapest stock exchange quotations on May 24.


Surgutneftegaz acquired 21.1% in MOL in March 2009 for 1.4 billion Euro.

The Hungarian side perceived the deal as an unfriendly one, and demanded an investigation of purchase by a Russian company the shares in the Hungarian concern.





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