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Controls placed on MVM's choice of business partners

An extraordinary shareholders meeting of the state-owned Hungarian electricity works MVM has amended the company's articles of incorporation to introduce tighter controls over its choice of business partners, MVM told MTI.

The changes require shareholder approval before signing a contract, of any size, with an off-shore company.

The National Investigation Office is reviewing decisions taken by MVM's earlier board, which was replaced in the middle of 2008, MTI learnt. (MTI – Econews)