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MOL Plc (MOLB.BU)

MOLB.BU on Budapest Stock Exchange

3,210.00HUF
24 May 2019
Change (% chg)

28.00 Ft (+0.88%)
Prev Close
3,182.00 Ft
Open
3,210.00 Ft
Day's High
3,230.00 Ft
Day's Low
3,188.00 Ft
Volume
329,206
Avg. Vol
596,279
52-wk High
3,450.00 Ft
52-wk Low
2,488.00 Ft

Latest Key Developments (Source: Significant Developments)

MOL starts voluntary offer for remaining Slovnaft stake, price set at EUR 84/share
Friday, 10 May 2019 

May 10 (Reuters) - MOL Plc ::MOL'S SLOVAK UNIT SLOVNAFT SAYS SLOVAK CENTRAL BANK (NBS) APPROVES MOL PROPOSAL FOR VOLUNTARY PURCHASE OF 1.44% OF SLOVNAFT SHARES, PURCHASE PRICE PER SHARE IS SET AT EUR 84.MOL UNIT SLOVNAFT SAYS PURCHASE OFFER IS VALID FROM TODAY AND LASTS FOR 70 CALENDAR DAYS.  Full Article

MOL makes voluntary public offer for remaining Slovnaft shares
Friday, 12 Apr 2019 

April 12 (Reuters) - MOL Plc ::MOL SAYS MAKES VOLUNTARY PUBLIC OFFER TO SHAREHOLDERS OF SLOVNAFT FOR ALL OUTSTANDING SHARES NOT YET HELD BY MOL.MOL SAYS TAKEOVER BID SUBJECT TO SLOVAK NATIONAL BANK APPROVAL, CURRENTLY HOLDS 98.56 PERCENT OF SHARES IN SLOVNAFT.  Full Article

MOL Chairman sees good dialogue with Croatian govt over INA
Thursday, 11 Apr 2019 

April 11 (Reuters) - Hungary's MOL Plc Executive Chairman Hernadi tells reporters after annual meeting::THERE IS A GOOD ONGOING DIALOGUE WITH CROATIAN GOVERNMENT ABOUT INA OPERATIONS.CROATIAN GOVERNMENT SUPPORTIVE ABOUT EFFICIENCY IMPROVEMENT PROGRAMME AT INA.SITUATION ABOUT BUYBACK PROPOSAL FROM CROATIAN GOVERNMENT REGARDING MOL'S INA STAKE IS UNCLEAR.UNTIL WE GET SPECIFICS REGARDING BUYBACK PROPOSAL WE WILL TREAT INA AS IF IT WAS OURS FOREVER.THERE IS A CONVERSATION ABOUT RENOVATION OF RIJEKA REFINERY IN CROATIA.  Full Article

Hungary's MOL sees no hostile takeover threat now
Thursday, 11 Apr 2019 

April 11 (Reuters) - Hungary's MOL Plc Executive Chairman Hernadi tells reporters after annual meeting::I SEE NO THREAT OF A HOSTILE TAKEOVER TARGETING MOL.THE KIND OF MARKET PRESSURE SEEN IN THE FIRST DECADE OF THE 2000S IS NO LONGER PRESENT.THERE WERE PARTICULAR PARALLELS IN 2000S BETWEEN MOL'S EXPANSION AND TAKEOVER ATTEMPTS TARGETING MOL.AS LONG AS CROATIAN SUBSIDIARY INA IS ALLOWED TO OPERATE UNDER MARKET CIRCUMSTANCES TARGETING MAXIMUM PROFIT, WE WILL STAY.INA HAS UNDERGONE TREMENDOUS EFFICIENCY IMPROVEMENT, ITS OPERATING NUMBERS ARE VERY GOOD.  Full Article

MOL and APK in strategic partnership for plastic recycling -MOL statement
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - MOL Plc says ::* APK's innovative plastic recycling plant is scheduled to start, MOL Group supports its completion - statement.* APK and MOL Group will also explore joint projects in CEE.* MOL aims to become a regional leader in recycling in line with MOL 2030 strategy.  Full Article

MOL Q4 net profit jumps, sees around $2.2 bln in 2018 EBITDA
Tuesday, 20 Feb 2018 

Feb 20 (Reuters) - MOL Plc says in its fourth-quarter earnings report::* Fourth-quarter 2017 net profit jumps to 76.6 billion forints ($305.11 million) from 43.5 billion forints in Q4 2016 and comes in above analysts forecast for 67.8 billion in survey of website Portfolio.hu .* Core profit, or so-called clean EBITDA (earnings before interest, taxes, depreciation and amortization), rises to 151.9 billion forints from 139.6 billion forints in the same period of 2016, above analysts' forecast of 146.5 billion forints. .* Company expects to deliver around $2.2 billion full-year 2018 EBITDA - Chairman and Chief Executive Zsolt Hernadi says in report.* CEO says starting 2018 with "a strong momentum with crucial investment decisions ahead of us.".* MOL expects 2018 EBITDA to finance its transformational projects and rising dividends to shareholders .* MOL sees oil price at higher end of $40 to $60 per barrel range in 2018, downstream margins "normalising" .  Full Article

MOL Q3 net profit below forecast, affirms 2017 EBITDA guidance
Friday, 3 Nov 2017 

Nov 3 (Reuters) - MOL Plc says in its third-quarter earnings report::* Company on track to deliver on full-year 2017 EBITDA guidance of $2.3 billion - Chairman and Chief Executive Zsolt Hernadi says in report.* Says launching its downstream programme which would deliver $500 million in additional EBITDA with over $2 billion investments by 2022.* Downstream performed weaker in third quarter as contribution from both petrochemicals and refining declined due to lower wholesale margins and lower product sales.  Full Article

MOL signs contract with Thyssenkrupp for polyol production
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - MOL Plc statement says::*Signs contract with Thyssenkrupp Industrial Solutions Ltd for purchase of technology licenses and process design packages for production of polyether polyols and propylene glycols.*The polyol plant will be the largest investment project of MOL Group in 2017-21.*Polyether polyols is main direction of MOL's petrochemical expansion due to wide application in automotive, construction, packaging and furniture industries.*Oil and gas group MOL invests in semi-commodity and specialty chemicals products as part of its 2030 strategy.  Full Article

MOL Q2 beats forecasts, raises full-year EBITDA guidance
Friday, 4 Aug 2017 

Aug 4 (Reuters) - MOL Plc says in second-quarter earnings report::* Second-quarter net profit rises to 88.8 billion forints from 79.1 billion in the second quarter of 2016; vs 93.9 bln in the first quarter of 2017.* EBITDA comes in above analysts' median forecast of 177.9 billion forints in a poll by business website www.portfolio.hu. Net profit also above forecast of 70.1 billion forints.* First-half result gives basis for raising full-year 2017 clean EBITDA guidance to above $2.3 billion from 2.0 bln - chairman and chief executive Zsolt Hernadi says in report.* Organic capex guidance cut to around $1 bln.* Downstream clean EBITDA rises 8 percent year on year to 186 billion forints.* Upstream EBITDA jumps 37 percent year-on-year to 64 billion on higher oil prices, 5.6 bln florints one-off cash collection in Egypt .  Full Article

Hungary's MOL forms new chemical partnership with Thyssenkrupp, Evonik
Thursday, 20 Jul 2017 

July 20 (Reuters) - MOL Plc statement says::Partners with Germany's Evonik Industries <<>> and Thyssenkrupp <<>> for propylene oxide plant.Plant to be built in Hungary, says its single largest investment project in 2017-21.MOL to spend up to $1 bln on project - CEO.Licence agreements target propylene oxide output of 200,000 tonnes per year.MOL intends to become a significant producer of polyether polyols, high-value intermediates for producing polyurethane plastics used in the automotive, packaging and furniture industries.Contracts concern the purchase of technology licences and process design packages for HPPO (hydrogen peroxide to propylene oxide) technology for propylene oxide production .Licensor of hydrogen-peroxide unit for captive use is Evonik.Consortium formed by Evonik and Thyssenkrupp Industrial Solutions licenses propylene oxide unit.Cooperation "beginning of a long-term partnership".  Full Article