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Today's paper. Last Updated: 02/08/2012

Hungary Ends Surgut Probe

BUDAPEST — Hungarian financial markets regulator PSZAF said Monday that it had closed an investigation into Surgutneftegaz’s 2009 purchase of a stake in oil group MOL without taking any steps.

PSZAF spokesman Istvan Binder said the investigation was into Surgut’s purchase of a 21 percent stake in MOL from Austria’s OMV, which the two companies announced on March 30, 2009. The deal was heavily objected to by MOL and the Hungarian government.

(Reuters)




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