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Molins PLC announces closing of MMBF sale transaction

Tuesday, 14 Jan 2014 11:15am EST 

Molins PLC:Says that it has divested its stake held in MMBF Zrt. after closing the transaction with the MFB Hungarian Development Bank Zrt. (MFB) and Hungarian Hydrocarbon Stockpiling Association (MSZKSZ).Says that according to the sale and purchase agreement which was signed on Oct. 7, 2013 the MFB has acquired 51 percent shareholding in MMBF from MOL. The remaining 21.46 percent stake of MOL has been acquired by MSZKSZ. 

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