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MOL Moleculin Biotech Inc

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0.00 (0.00%)
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Share Name Share Symbol Market Type
Moleculin Biotech Inc TG:MOL Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Slovnaft Bids for Enel's 66% Stake in Slovak Power Utility

20/11/2014 7:53am

Dow Jones News


Moleculin Biotech (TG:MOL)
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By Leos Rousek

MOL Nyrt. (MOL.BU) said Thursday that its Slovak unit Slovnaft AS (1SLN01AE.BS) and Hungary's power company MVM Group have made a joint bid for Slovenske Elektrarne AS, the Slovak electricity utility majority-owned by Italy's Enel SpA (ENEL.MI).

Slovnaft AS, the largest Slovak oil refinery and fuel distributor, and MVM, Hungary's main electricity utility, are seeking to buy 66% shares of Slovenske Elektrarne held by Enel.

No details about the non-binding offer were disclosed.

Analysts say the Enel's stake in its Slovak subsidiary could be worth about 2 billion euros ($2.51 billion).

Officials at Czech utility CEZ AS have also expressed interest in bidding for Slovenske Elektrarne.

Write to Leos Rousek at leos.rousek@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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