ADVERTISEMENT

MOL completes TVK squeeze-out

Deals

Hungarian oil and gas company MOL has completed a squeeze-out for shares of TVK petrochemicals company, MOL said early today.

According to Hungarian news agency MTI, MOL completed a voluntary public purchase offer for TVK shares earlier in march. With the move, the Hungarian company was able to raise its stake in the petrochemicals company from 94.86% to 99.1%.

In the squeeze-out, which ran until March 23, MOL offered shareholders the same price as in the public purchase offer: HUF 4,984, MTI noted, adding that following this process, the Hungarian company has become the 100% owner of TVK.

ADVERTISEMENT

Pressure increasing on CFOs - PwC survey Analysis

Pressure increasing on CFOs - PwC survey

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Capital sees urban exodus during pandemic City

Capital sees urban exodus during pandemic

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.