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OMV again extends repo deal for MOL shares

Austrian oil and gas company OMV has again extended a repo deal with Bayerische Hypo-Vereinsbank for 9.26% of shares of Hungarian peer MOL, until April 3, a letter sent to MOL and published on the website of the Budapest Stock Exchange on Thursday reveals.

OMV entered into a repo deal with Bayerische Hypo-Vereinsbank for 10 million MOL shares in September. The expiration date in the original contract was January 29. On January 27, OMV took back 400,000 of the shares and extended the repo deal until March 13.(Reuters)