Business

MOL Hungarian Oil and Gas Rt sealed an agreement with German gas industry giant E.On Ruhrgas yesterday regarding the sale of its Ft 150 billion-Ft 200 billion natural gas-related assets, Világgazdaság reported. The package includes 75% minus one share of MOL's gas storage and trading companies, with an option for a 25% stake plus one share in MOL's gas distribution subsidiary and 50% ownership of Panrusgáz Rt, which distributes Russian imports and is jointly owned with OAO Gazprom. While Ruhrgaz was the only potential investor to submit a bid, MOL has also been in talks with other candidates behind the scenes, the newspaper claimed. (Vg 1) P.P.

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