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.
Companies Spending Less on Advertising
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
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.
