The management of Hungarian energy group MOL Nyrt. (MOL.BU) late Thursday proposed paying 45 billion forints ($204.1 million) in dividends after its 2011 profits.

MOL produced HUF152 billion in net profits in 2011.

The MOL management will also request shareholder approval to purchase treasury shares that it plans to use as payment for acquisitions and to preserve the stability of its share price.

Shareholders will vote on the proposals at the company's scheduled annual general meeting April 26.

-By Gergo Racz, Dow Jones Newswires, +361-267-0622; gergo.racz@dowjones.com