Hungary votes to give up "golden shares" in MOL

Beacham, Will
April 2007
ICIS Chemical Business;4/23/2007, Vol. 2 Issue 63, p7
Trade Publication
The article discusses the implications of the Hungarian Parliament's decision to relinquish the state's shares in MOL. Passed after the European Court of Justice adopted ruling on the free movement of capital, the vote relinquished the state's power to veto strategic decisions at the company. While MOL has adopted a ruling that limits the voting rights of individual shareholders to 10% until 2010, it might be susceptible to bids from Russian oil and gas companies that are keen on the European market.


Related Articles

  • Review of pre-emption rights.  // Accountancy;Jun89, Vol. 103 Issue 1150, p43 

    Reports on the possibility of ending or modifying the pre-emption rights of existing shareholders when companies issues new shares in Great Britain.

  • No progress at MOL, Croatia talks over INA.  // Hungary A.M.;7/28/2014, p1 

    The article reports on the lack of progress in the negotiations between Hungarian oil and gas company MOL and the Croatian government over the progress of energy group INA as of July 2014. Topics covered include the percentage of INA's shares owned by MOL, the sources of tension between the...

  • Anonymous seller dumps 4% of MOL shares.  // Hungary A.M.;6/27/2014, p2 

    The article reports that 4.28 million shares of Hungarian oil and gas company MOL Group have been sold by anonymous investors, with Dana Gas and its parent company Crescent Petroleum or Oman Oil being speculated as the ones who dumped the shares.

  • Low share prices have anxious CEOs popping pills--the poison variety. Copulsky, Erica // Investment Dealers' Digest;11/16/98, Vol. 64 Issue 46, p15 

    Focuses on the adoption of tough shareholder rights plans or so-called poison pills by companies in the United States to address decreasing stock prices. Features of the plans; Comment by Hal Ritch, co-head of mergers and acquisitions at Donaldson, Lufkin & Jenrette; Factors affecting the...

  • Rights issues: a plea for the private shareholder. Keef, Stephen P. // Accountancy;Sep81, Vol. 92 Issue 1057, p132 

    Discusses the need to provide greater details on the mechanism of rights issues in the circulars sent to private shareholders in Great Britain. Results of a research which showed that half of the sample of private shareholders are misinformed; Importance attached by the respondents to the issue...

  • MOL to lower petrol, diesel prices.  // Hungary A.M.;4/8/2014, p7 

    The article reports on the plan of oil-and-gas company MOL to lower its wholesale petrol and diesel prices both by Hungarian Forint (HUF) 4 per liter.

  • MOL Thinks Big.  // Emerging Markets Monitor;12/2/2002, Vol. 8 Issue 32, p13 

    Reports on the plans of Hungary's oil and gas group MOL to invest in its existing assets over the medium term. Corporate strategy for 2003 through 2005; Risks in the company's divestiture plans; Profits of MOL natural gas division in the third quarter of 2002.

  • Astoria Won't Renew Shareholder Plan. Kulikowski, Laurie // American Banker;8/17/2006, Vol. 171 Issue 158, p20 

    This article reports that Astoria Financial Corp. said that its shareholder rights plan will expire in September, 2006, and will not be renewed. The plan was created in July 1996 between Astoria and ChaseMellon Shareholder Services LLC. Shareholder rights plans were a popular way to prevent...

  • A Reexamination of Corporate Governance and Equity Prices. Johnson, Shane A.; Moorman, Theodore C.; Sorescu, Sorin // Review of Financial Studies;Nov2009, Vol. 22 Issue 11, p4753 

    We reexamine long-term abnormal returns for portfolios sorted on governance characteristics. Firms with strong shareholder rights and firms with weak shareholder rights differ from the population of firms and from each other in how they cluster across industries. Using well-specified tests under...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics