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Article: Interfax Hungary Business Daily.
- Article from:
- Hungary Business Report Daily
- Article date:
- December 29, 2008
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29.12.2008
Volume X, Issue 250
IN THIS ISSUE:
COMPANY NEWS
Oman Oil Company's stake in Hungarian oil company MOL reduced to 7%
BUDAPEST. DECEMBER 29. INTERFAX CENTRAL EUROPE - Hungary's top oil company MOL announced in a stock exchange filing that the shareholding of Oman Oil Company (OOC) in MOL has fallen from 15.4% to 7%, as conditions for an earlier share purchase agreement involving 8.4% of MOL shares have not been met by the end-December deadline.
In March 2008, MOL and OOC agreed that OOC would become an 8.4% owner in MOL, in exchange for cash as well as international oil production and other assets, worth a ...