Key Developments: Motor Oil Hellas Corinth Refineries SA (MOHCY.PK)
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Latest Key Developments (Source: Significant Developments)
Motor Oil Hellas Corinth Refineries SA Announces Dividend For FY 2012
Motor Oil Hellas Corinth Refineries SA announced the distribution of a dividend of EUR 0.30 for fiscal year 2012. Full Article
Motor Oil Hellas Corinth Refineries SA Raises EUR 60 Million Loan
Motor Oil Hellas Corinth Refineries SA announced that on December 31, 2012 it raised a EUR 60 million 3-year loan from HSBC BANK PLC (London) with a bullet re-payment on January 5, 2016. From the above loan, the amount of EUR 40 million regards refinancing of existing working capital and the amount of EUR 20 million regards new financing. Full Article
Motor Oil Hellas Corinth Refineries SA Issues USD 100 Million Common Bond Loan
Motor Oil Hellas Corinth Refineries SA announced that it has issued USD 100 million common Bond Loan the duration of which is for three years with an option to be extended for a further one year period. The purpose of the new loan is the refinancing of an existing long term loan which was repaid on December 20th, 2012. The Banks participating in the new loan syndicate are: ALPHA BANK S.A., EMPORIKI BANK S.A., NATIONAL BANK OF GREECE S.A., PIRAEUS BANK S.A., EUROBANK ERGASIAS BANKS.A. and NEW PROTON BANK S.A.. Full Article
Motor Oil Hellas Corinth Refineries SA Submits Offer For The Acquisition Of DEPA As Part Of Consortium
Motor Oil Hellas Corinth Refineries SA announced that following its announcement dated March 28, 2012, on November 5, 2012, it submitted a non-binding offer for the acquisition of 100% of the share capital of PUBLIC GAS CORPORATION GROUP (DEPA), together with MYTILINEOS SA - GROUP OF COMPANIES and M and M NATURAL GAS SA which has been jointly established by the two Groups. The latter has been defined as consortium leader with a percentage participation of 80% while the two groups will participate with 10% each. The DEPA wholly owned subsidiary HELLENIC GAS TRANSMISSION SYSTEM OPERATOR SA does not form part of the submitted non-binding offer. Citigroup Global Markets Limited is acting as Financial Adviser of the consortium. Full Article
Motor Oil Hellas Corinth Refineries SA Announces Capital Return
Motor Oil Hellas Corinth Refineries SA announced a capital return to its shareholders for EUR 0.10 per share. The record date is November 7, 2012 and the ex-dividend date is November 5, 2012. The payment date is November 13, 2012. Full Article
Motor Oil Hellas Corinth Refineries SA Announces Dividend For FY 2011
Motor Oil Hellas Corinth Refineries SA announced the payment of a dividend of EUR 0.40 per share for fiscal year 2011. The ex-dividend date is July 2, 2012 and the record date is July 4, 2012. The payment date is July 10, 2012. Full Article
Motor Oil Hellas Corinth Refineries SA Announces Further Details Regarding Acquisition Of 26.71% Stake In Cyclon Hellas SA
Motor Oil Hellas Corinth Refineries SA announced that the acquisition of 26.71% stake of Cyclon Hellas SA was completed on April 11, 2012. The transaction included the purchase of 7,122,222 Cyclon Hellas shares at the price of EUR 0.50 per share. Full Article
Mytilineos Holdings SA Submits Letter Of Interest As Part Of Consortium To Acquire DEPA SA
Mytilineos Holdings SA announced that it will submit a Letter of Interest together with Motor Oil Hellas Corinth Refineries SA and their joint venture company M&M Natural Gas SA, for the acquisition of 100% of DEPA SA. The joint venture company M&M Natural Gas SA will be the Leader of the consortium with 34% share while Mytilineos Holdings SA and Motor Oil Hellas Corinth Refineries SA will own a 33% share each. Full Article
Motor Oil Hellas Corinth Refineries SA Announces Acquisition Of 26.71% Stake In Cyclon Hellas SA
Motor Oil Hellas Corinth Refineries SA announced that the Extraordinary General Meeting of the shareholders which will be held on March 29, 2012, will discuss the acquisition of a 26.71% stake of Cyclon Hellas SA. Full Article
Motor Oil Hellas Corinth Refineries SA Announces Special Dividend EUR 0.25 Per Share
Motor Oil Hellas Corinth Refineries SA announced that the Annual General Meeting held on May 26, 2011,decided a share capital decrease by an amount of EUR 27,695,745 through the reduction of the nominal value of the Company's shares from EUR 1.20 to EUR 0.95 and the return of capital to the shareholders in cash of EUR 0.25 per share. The record date is October 5, 2011 and the ex-dividend date is October 3, 2011. The payment date of the special dividend is October 11, 2011. Full Article
UPDATE 1-Greek refiner Motor Oil suffers 45 pct profit fall
* Exports reduce impact from weak domestic demand (Adds domestic market background)
Earnings vs. 
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