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MOL to increase stock of treasury shares

Hungarian oil and gas company MOL Rt commissioned ING Bank Rt to carry out treasury stock purchases from the free float, MOL said in a statement on the website of the Budapest Stock Exchange (BÉT). The company currently holds MOL stocks representing 5.16% of its registered capital, with a possibility to boost its stake to a maximum of 10%. The transactions must be completed by Oct. 31, ING Bank is the sole agent commissioned to carry out the acquisitions.