Oman Oil Co. to pay mostly with assets for MOL stake
March 11, 2008 - 0:0
BUDAPEST (Reuters) -- Oman Oil Company could pay for most of its 8 percent stake in Hungarian oil company MOL MOLB.BU with assets, MOL Deputy Chief Executive Zoltan Aldott said on Monday.
The exact terms of the deal still need to be ironed out as some assets under consideration have third party owners with right of preemption.But if MOL receives all the assets it is seeking, the majority of the purchase will not be in cash, Chairman and Chief Executive Zsolt Hernadi told a news conference.