MNB clears TVK buyout offer by MOL
The Hungarian central bank (MNB) approved a voluntary public purchase offer by oil and gas company MOL for the outstanding shares of petrochemicals company TVK, MOL announced late yesterday.
According to the announcement, MOL is offering HUF 4,984 per share, and the offer is valid from February 4 until March 5. The offer was made on January 13. MOL is the holder of 95% of TVK shares.
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