Closing of MMBF sale transaction
MOL Plc. hereby informs the capital markets participants that it has divested its stake held in MMBF Zrt. after closing the transaction with the MFB Hungarian Development Bank Zrt. (MFB) and Hungarian Hydrocarbon Stockpiling Association (MSZKSZ) and.
According to the sale and purchase agreement which was signed on 7 October 2013 the MFB has acquired 51% shareholding in MMBF from MOL. The remaining 21.46% stake of MOL has been acquired by MSZKSZ.
MMBF is the operator of the 1.9 billion cubic meter capacity gas storage facility established at Algyő in 2009, which stores in addition to the strategic reserves of Hungary commercial reserves as well.
For further information, please contact:
Investor Relations + 36 1 464 1395
facsimile: + 36 1 464 1335