Tag: Mol

INA to start due diligence process for buyout of MOL’s shares – Croatia, 21 November 2019

Croatian oil company INA said the Government has asked it to provide due diligence information before the planned purchase of Hungarian MOL’s stake in the company. The Government has requested that the due diligence process is conducted by the investment consultants it hired earlier this year. IN Full article available for subscribers of Energy NEWS […]

MOL rose profit guidance after Azeri oil field acquisition – Hungary, 08 November 2019

Hungarian oil and gas company MOL said it has raised its guidance for 2020 EBITDA, cleared of one-off effects and adjusted for current cost of supplies (CCS), to between 2.4 and 2.6 million dollars. MOL said it had upgraded the guidance to reflect the contribution of its recent acquisition of exp Full article available for […]

S&P revises MOL’s outlook to positive after Azeri acquisition – Hungary, 06 November 2019

S&P Global Ratings revised the outlook for Hungarian oil and gas company MOL from stable to positive after the company announced the acquisition of exploration and production as well as oil pipeline stakes in Azerbaijan from Chevron. The statement from S&P said that the acquisition will strengthe Full article available for subscribers of Energy NEWS […]