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MGYOY Mol Magyar Olay Es Gazipari Rt (PK)

3.86
0.032 (0.84%)
Last Updated: 16:13:56
Delayed by 15 minutes
Name Symbol Market Type
Mol Magyar Olay Es Gazipari Rt (PK) USOTC:MGYOY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.032 0.84% 3.86 3.79 3.93 3.86 3.808 3.85 6,468 16:13:56

Croatian Watchdog May Keep Blocking INA Trades-Report

08/09/2011 9:44am

Dow Jones News


Mol Magyar Olay Es Gazip... (PK) (USOTC:MGYOY)
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Croatia's market regulator Hanfa may indefinitely block trading of shares in energy company INA-Industrije Nafte D.D. (INA.ZG), a subsidiary of Hungarian oil and gas company MOL (MOL.BU), local news portal Business.hr reported, citing the regulator's president Ante Samodol.

MOL has a 47.2% stake in the Croatian company, as well as mandating rights.

INA's stocks were last traded in Zagreb April 27. The regulator extended a trading suspension of INA shares on the Zagreb stock exchange July 29; INA filed a court complaint against the regulator's decision Aug. 30.

KBC Securities analyst Olena Kyrylenko attributes the move to Croatia's political environment and upcoming elections.

"It's also clear that MOL won't be trying to buy shares on the market and its plans to increase its ownership in INA are postponed at least until the [end of the] elections," she added.

MOL is traded up 0.2% or HUF25 at HUF17,075 at 0718 GMT.

Newspaper website: www.business.hr/hr/Naslovnica/Burza/Ina-ispala-iz-Crobexa

-Budapest Bureau, Dow Jones Newswires; 361-267-0622

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