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Russian Rahimkulov family companies increase stake in MOL

The family company of Russian Rahimkulov, Kafijat Zrt announced on Friday that they have increased their stake a combined 5.231% in Hungarian oil and gas firm MOL Nyrt.

Kafijat Zrt bought the shares through Firthlion Ltd, which itself has 4,526,794 MOL shares, which amounts to 4.64%. Rahimkulov-owned Általános Értékpapírforgalmi Bank Zrt also has 500,000 MOL shares in the form of an option contract and Cyprus-based Charing Investments Ltd, owned by two Rahimkulov sons, has 85,921 shares. It was probably Rahimkulov who bought most of the 3.6 million shares traded at the bourse on May 23, concludes daily Napi Gazdaság. In the meantime, Merrill Lynch posted an analysis which suggests that Russian energy giant Gazprom will soon get a considerable stake in MOL, which would make it easier for MOL to have access to crude oil exploitation. (Napi Gazdaság, Gazdasági Rádió)