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MOL battles shareholders at Slovnaft general meeting

Hungarian oil company MOL joined other shareholders in Slovak refinery Slovnaft in voting down proposals for paying out profits in the form of dividends rather than using the money for future investment.

Minority shareholders also attempted to sack the management of the company at the extraordinary general meeting.

MOL exercises less than 50 percent of votes in the company despite owning 70 percent of shares, as it has not yet managed to follow through on a buy-out offer for minority shareholders.

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

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