EU approves E.ON purchase of Mol gas units with conditions
When the deal was announced in November 2004, the Hungarian oil and gas company said its total enterprise value, assuming all options to sell were exercised, was €2.2 billion, including debt. Mol planned to sell 75% minus one share of its gas storage and wholesale units to E.ON Ruhrgas International, a unit of E.ON. The two Mol units are Mol Natural Gas Supplier Rt and public utility wholesaler and gas trader Mol Natural Gas Storage. The Commission had raised concerns that the deal would create competition concerns for gas and electricity at all levels of the supply chain in Hungary.
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