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

Putin reassures Russia on economy

Vladimir Putin appeared on live television and radio for his annual question-and answer session with the public. more »

EUFISERV Payments, ATM Scheme comply with SEPA; separate from processing biz in Europe

EUFISERV Payments announced today that the separation of the EUFISERV ATM Scheme from EUFISERV's former processing business is now complete, and is in line with the SEPA requirements of the European Central Bank and the European Commission. more »

Detroit impacts Mexico's economy

600,000 Mexicans work in the auto and auto parts industries, and U.S. automakers run around a dozen plants. more »

Time for Britain to join euro?

The President of the European Commission Jose Barroso says some British politicians are considering signing up to the euro more »

U.S. officially in a recession

It's official. The U.S. economy is in a recession. more »

Credit crunch – the EU at work

The crisis that started in the US over a year ago has sent shock waves around the globe. more »

Kick-starting the economy

Offering a coordinated response to the EU’s deepening economic crisis, the Commission is proposing €200bn in measures to boost purchasing power and generate growth and jobs. more »

UK promises billions in stimulus

The two men charged with keeping Britain's economy afloat moved on Monday to ward off a deepening recession. more »

An aging Europe - MEPs call for social security reform

European citizens are getting older and greyer. By 2050 it is estimated that the average age in the European Union will be 49, up from 39 now. more »

Obama's economic stimulus plan

Addressing U.S citizens, Barack Obama spoke of plans to revive the economy. more »