Monday, July 16, 2007

Mol Board Rejects `Unsolicited and Unwelcome' Takeover Approach From OMV

(Bloomberg) -- Mol Nyrt., Hungary's biggest oil
refiner, rejected an approach from OMV AG, calling it ``unsolicited
and unwelcome.''

An OMV spokesman denied the Austrian company made a formal
offer to acquire Mol. ``There's never been a formal offer from our
side,'' Thomas Huemer said in a telephone interview.


Read more at Bloomberg Emerging Markets News

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