![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.828 | 3.71 | 3.93 | 0.00 | 13:00:01 |
By Veronika Gulyas
BUDAPEST--MFB Zrt., the Hungarian state-owned development bank, has secured regulatory approval to buy a majority stake in a natural gas storage facility.
GVH, the country's competition authority, approved the deal even though the government already has a stake in a gas storage facility through MVM Zrt., the state-owned power company that acquired it from German peer E.ON AG (EONGY).
The MFB purchase doesn't violate Hungary's competition law because state companies are subject to special rules, the GVH said.
Hungarian oil and gas firm MOL Nyrt. (MOL.BU) signed the deal Oct. 7 with the Hungarian Hydrocarbon Stockpiling Association, or MSZKSZ, and MFB.
After the transaction MFB will hold 51% of the facility and MSZKSZ will buy MOL's remaining 21.56% stake and will have 49%. MSZKSZ was already a minority stakeholder in the storage facility.
The purchase price wasn't revealed.
The gas storage facility is located in the village of Algyo in southern Hungary. It was established in 2009 with a capacity of 1.9 billion cubic meters.
Write to Veronika Gulyas at veronika.gulyas@wsj.com
1 Year Mol Magyar Olay Es Gazip... (PK) Chart |
1 Month Mol Magyar Olay Es Gazip... (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions