OTP, MOL extend share swap agreement till 2027

Deals

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OTP Bank and Hungarian oil and gas company MOL have extended a share swap agreement initially concluded in 2009 until 2027, the issuers said on the website of the Budapest Stock Exchange on Monday, according to a report by state news wire MTI.

The swap agreement is for 24,000,000 OTP shares and 40,084,008 MOL shares, equivalent to 8.6% and 4.9%, respectively, of their share capital.

The swap agreement was last extended in 2017.

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