ING Groepʼs indirect voting rights in MOL fall under 5% disclosure threshold

In Hungary

wikimedia commons

Hungarian oil and gas company MOL said it had been informed that ING Groepʼs indirect voting rights in the company slipped under the 5% threshold requiring disclosure, only a day after they rose over the mark, Hungarian news agency MTI reported.

ING Groepʼs indirect voting stake reached 4.997% on July 7, MOL said. On Friday, MOL said it had been informed that ING Groepʼs stake had reached 5.006% on July 6. 

MOLʼs biggest shareholder is the state of Hungary, with a 24.74% stake, according to data last updated on March 21, 2016. Czech energy company CEZ owns 7.35%, OmanOil (Budapest) Limited 7.00%, OTP Bank 5.84% and UniCredit Bank 5.15%.

ADVERTISEMENT

Business confidence improves as consumer sentiment worsens Analysis

Business confidence improves as consumer sentiment worsens

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.