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Transaction costs of purchasing MOL stake will be maximum HUF 75 mln – Fellegi

Total transaction costs for the state of Hungary's purchase of a 21.2% stake in Hungarian oil company MOL will amount to 0.015% of transaction value, not exceeding HUF 75 million, National Economy Minister Tamás Fellegi said in a written answer to a question by opposition MP Ágnes Vadai (MSZP) on Friday.

The legal fees of the purchase will be under HUF 62.2 million (€235,000), Fellegi said. The Hungarian government announced on May 24 that the state of Hungary will buy a 21.2% stake in oil and gas company MOL from Russia's Surgutneftegas for €1.88 billion. The transaction is expected to be closed by the end of August.