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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.

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