MOL shares to be listed

Published: 22 February 2004 y., Sunday
The Hungarian privatization agency has announced that the stake of 13.3 million shares in oil concern MOL owned by the Hungary's State Treasury, will be sold through listing it on the Budapest Stock Exchange, and will not be used for a stake swap with the domestic PKN Orlen, as it was earlier anticipated in an attempt to merge the two companies. The falling value of the złoty against the euro led to a loss of zł.2.5 million recorded by Carlsberg's Okocim instead of an anticipated net profit of zł.19 million. Despite these results, the company has enjoyed an increase in beer sales last year by 8.7%, selling 3.839 million hectares of the beverage. Bydgoszcz-based PBH, owner of the Quiosque brand name, announced plans to increase the number of its outlets this year from the current 15 to 35 at a cost of zł. 14 million. The investment will be financed from own funds and bank loans.
Šaltinis: Puls Biznesu
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Statement at the Conclusion of an IMF Staff Mission to Chad

The mission held constructive discussions with Prime Minister Emmanuel Nadingar, Finance Minister Gata Ngoulou, Infrastructure Minister Adoum Younousmi, and other senior officials. more »

EBRD helps improve quality of electricity supply in South Caucasus

The EBRD is helping to improve the quality of power supply and stimulate renewable sources of energy in the Caucasus with an €80 million sovereign loan to Georgia for the construction of a new high voltage transmission line - the Black Sea High Voltage line, which will interconnect Georgia and Turkey. more »

New railway bypass in Tbilisi

The EBRD is helping to improve the infrastructure of the Georgian capital, Tbilisi, with a €100 million loan for the construction of a new railway route bypassing the city. more »

"Notre Europe" chair Tommaso Padoa-Schioppa on the euro

One of the men considered to be the founding fathers of the euro currency met MEPs on the Foreign Affairs Committee Tuesday (16 March) to talk about transatlantic relations. more »

Commission consults stakeholders over trade policy towards developing countries

European Trade Commissioner Karel De Gucht today opened a conference focused on the European Union's trade policy towards developing countries. more »

Results Profile: Mexico Finance

At the beginning of the 2000s, state ownership in financial intermediation in Mexico accounted for about 20 percent of the total credit of the banking system, provided through development financial institutions and funds. more »

European Enterprise Awards 2010 – 12 nominees shortlisted

Halving the number of business failures by offering individual support, doubling the number of young people who want to start their own business or raising by 500% the number of enterprising new cooperatives are just some of the projects nominated for the European Enterprise Awards 2010. more »

Companies are invited to apply for Marco Polo funding to fight road congestion and make freight transport greener

The European Commission has published the fourth call for proposals for the creation and upgrade of freight transport services under the second Marco Polo programme. more »

15 March 2010 - ECB announces EU-funded cooperation programme with the Central Bank of Bosnia and Herzegovina

The European Central Bank (ECB) today announced a programme of technical cooperation with the Central Bank of Bosnia and Herzegovina, in collaboration with a number of euro area national central banks (NCBs). more »

Commission pays €1 billion in Balance of Payments support to Romania

The EU disbursed today €1 billion to Romania, the second instalment of a €5 billion loan, which was agreed in May 2009 as part of a multilateral financial assistance package. more »