MOL: Public Offer for Petrochemicals Firm TVK Shares Successful
March 06 2015 - 9:20AM
Dow Jones News
BUDAPEST--Hungarian oil and gas firm MOL Nyrt. (MOL.BU) said
Friday that its public tender offer for the ordinary registered
shares of petrochemicals firm TVK Nyrt. (TVK.BU) it hadn't already
owned was successful.
MAIN FACTS:
- TVK shareholders offered a total of 1,028,926 ordinary shares,
or 82.4% of the free float, of TVK to MOL to purchase under the
public offer.
- MOL accepted the shares offered.
- MOL made the offer at 4,984 forints ($18.00) a share.
- If MOL purchases the offered shares, its stake in TVK will
increase to 99.1% from 94.86%.
Write to Margit Feher at margit.feher@wsj.com