Budapest To Pay EUR1.9bn To Wrest Strategic MOL Stake From Russians

BMI View: Budapest's decision to buy back the stake in MOL from Surgutneftegaz comes as no surprise as the government has long declared its desire to limit Russia's influence on the company. The deal is also in Surgutneftegaz's interest as there was little chance for the company to expand its interest and the US$1.9bn price tag will see the firm make EUR500mn since purchasing the stake in 2009.

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