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
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.
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