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IN SHORT BUSINESS

MOL raises stake in Slovnaft

Hungarian oil company MOL, by January 2, had raised its stake in Slovak oil refiner Slovnaft from 70.07 percent to 70.96 percent in an ongoing compulsory public offer.

The offer to minority shareholders, issued on November 25 and due to end on January 23, has yielded 195,132 shares at a price of Sk1,379 (€33.6) apiece.

Last March, MOL increased its minority stake in Slovnaft to a majority, which left it obliged to offer to buy the rest of the equity.

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