Csányi fund continues to buy shares in MOL

In Hungary

A fund managed by Sándor Csányiʼs Singapore-based CSAM Asset Management bought shares in oil and gas company MOL for the fourth trading day in a row on Wednesday, a disclosure released yesterday shows, Hungarian news agency MTI reported.

Csányi is the deputy-chairman of MOL, thus the company is required to disclose when he, or entities he controls, acquires its shares.

MOL said yesterday that the Sertorius Global Opportunities Fund, managed by CSAM Asset Management, acquired 30,000 MOL shares at an average price of HUF 15,475 per share on the Budapest Stock Exchange on Wednesday. Sertoriusʼ holding rose to 215,000 shares as a result, it added.

The shares account for 0.21% of MOLʼs share capital.

The number of MOL shares Csányi directly owns remained at 9,500, it added.

Sertorius bought shares of MOL on Friday, Monday and Tuesday, as well.

The found also bought shares in OTP Bank on those days. Csányi is the lenderʼs chairman-CEO.

ADVERTISEMENT

Czech Economy Contracts Less Than Estimated in Q3 Figures

Czech Economy Contracts Less Than Estimated in Q3

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Used Car Imports Show Double-digit Decline Automotive

Used Car Imports Show Double-digit Decline

Countries Exchange Experiences for Better Production of Catt... Conferences

Countries Exchange Experiences for Better Production of Catt...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.