OMV would be ready to pay as much as Ft 32,000 for MOL’s shares/piece, but competition law specialists say the deal may take years. The first EC statement of the case is expected within 25-35 working days, but if a second screening is necessary, it may take another 90-105. The EC will check what consequences the purchase may have and whether consumers could be hit badly by a price rise afterwards. MOL said they welcome a thorough investigation to find out the consequences of the move, which the firm said would inhibit competition in the region. (Napi Gazdaság)
Producing journalism that is worthy of the name is a costly business. For over 30 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.
