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Article: HUNGARY-COMPANIES-MOL-NITROGENMUVEK.
- Article from:
- Hungary Business News
- Article date:
- August 30, 2002
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MOL sells stake in Nitrogenmuvek for USD 12 million
Budapest. August 30. INTERFAX-EUROPE - MOL Hungarian Oil and Gas Company has sold its 59.38% stake in artificial fertilizer producer Nitrogenmuvek Rt for USD 12 million (HUF 3 billion), the company announced on Friday. MOL made a HUF 2.612 profit on the transaction, as the book value of its stake was HUF 388 million at the end of 2001.
The sale is part of MOL's strategy to divest from non-core activities, and was carried out in conjunction ...