London-There is little likelihood of an imminent deal that would see the Hungarian government buy the 21.2% stake held by Russia’s Surgutneftegaz in Hungarian oil and gas company MOL, an analyst said September 7. Budapest-based KBC Securities said Surgutneftegaz was expected to offload its stake, bought from Austria’s OMV in April 2009 for Eur1.4 billion ($1.8 billion), before the end of 2010, but no deal was expected before local elections next month.
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