Austria's OMV And Hungary's MOL Takeover: The Investigation Continues…

June 2008 | M&A Analysis

European Union officials have relaunched investigations into the takeover approach by Austria's OMV for Hungary's MOL, two of Europe's major oil and gas companies. OMV's takeover intentions were made known in 2007, and despite a unanimous rejection from the MOL's board on July 16 2007, OMV is still attempting to gain control of its Hungarian peer. The takeover approach, as well as Hungary's and MOL's reaction to the approach, is under investigation by EU authorities.

If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Corporate Financing Week please click on the trial link below.