Hungary May Sell MOL Shares Under Financing Pressure-Minister
November 07 2012 - 12:39PM
Dow Jones News
By Veronika Gulyas
BUDAPEST--Hungary may sell its stake in Hungarian oil and gas
firm MOL Nyrt. (MOL.BU) should it come under financing pressure,
the country's economy minister said Monday.
The state owns a 21.22% stake in MOL which it bought from its
previous Russian owner OAO Surgutneftegas.
"Buying that stake was a strategic investment, which also serves
the role of strategic financial reserves, being a liquid blue-chip
stock," Mr. Matolcsy said in a letter answering a formal question
from a lawmaker in parliament and posted on the parliamentary
website.
Write to Veronika Gulyas at veronika.gulyas@dowjones.com