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Mol sells treasury stocks to Magnolia

In line with earlier announcements, Hungarian oil and gas company Mol Rt sold 6.7 million treasury stocks to Channel Islands-based offshore company Magnolia Finance Ltd at a price of Ft 20,515 per share yesterday, daily Napi Gazdaság reported.

The transaction boosted the daily turnover of the Budapest Stock Exchange (BÉT) to an all-time high of Ft 137.4 billion. The value of the deal was Ft 123.2 billion, which compares with a similar transaction on December 30, 2005, worth Ft 146.3 billion.