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

Crisis ends in Danko’s defeat

Education minister steps down following Fico’s call, Danko not ruling out he might leave politics.

Former education minister Peter Plavčan and PM Robert Fico on July 24.

First Slovak woman crossed the English Channel

Before her, only six Slovak men had managed to complete the difficult swim.

Have you ever climbed a via ferrata? Photo

In central Slovakia, there is one also suitable for beginners. Here are some of the views it offers.

PM Fico wants Education Minister’s resignation

Education Minister Peter Plavčan has refused to leave, the Prime Minister demanding his resignation.

Education Minister Peter Plavčan