MOL Raises Stake in TVK

Energy company MOL (Budapest) says it has purchased CEE Oil & Gas’s (Vienna) 31.56% stake in petrochemical producer TVK (Tiszaújvuáros, Hungary) for an undisclosed amount. The deal raises MOL’s stake in TVK to 84.17%, including the 8.06% of TVK held by MOL affiliate Slovnaft (Bratislava, Slovakia). CEE Oil & Gas is a subsidiary of private equity firm VCP (Vienna). TVK produces olefins and polyolefins at...

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