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Mol buy-back to cost €1.9bn

May 25, 2011 - Source: Financial Times

Hungary is set to pay €1.9bn to buy back more than one-fifth of Mol, the oil and gas company, from Surgutneftegaz, the secretive Russian energy group, ending a long-running share purchase saga that strained relations between Budapest and Moscow.

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Companies

Surgutneftegas (Сургутнефтегаз)

Surgutneftegas is a major Russian oil producer focused on production, exploration oil field development, refining and marketing. It has shares listed on Russia’s Micex (SNGS) and RTS (SNGS) exchanges.

 

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