Spectator on facebook

Spectator on facebook

MOL prepared to fight over higher share price

Hungarian oil company MOL is prepared to go to court to fight the price set for shares it is legally obliged to buy, as the majority shareholder in the Slovnaft oil company.

MOL believes that the price of shares was manipulated in the period from March 20, when its increased stake was announced.

The price is set based on the higher of either the average share price over six months before the purchase or half of the net assets of the company divided per share. If the period after March 20 is included, the price rises from Sk1,100 (26.76 euro) to Sk1,380 (33.58 euro) per share.

Compiled by Conrad Toft from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Largest companies that help search for job or employees

Not only well-known names placed in the list of the 10 largest employment agencies in Slovakia.

Employee of the ministry’s agency accused of corruption

If found guilty, the employee of the Agricultural Paying Agency may spend up to eight years in prison for taking a bribe.

Sagan wins first race of 2017 Video

The Slovak cyclist triumphed at the second race of the Belgian classics.

Peter Sagan

Queues rigged at foreigners’ police, say clients

Not our problem, say police, who blame ‘cultural specifics’ and ‘habits’ of foreigners.

Queue in front of the foreigners' police department in Bratislava.