Austria's OMV has intensified its courtship of Mol with a direct appeal to the 40% of the Hungarian company's shareholders not controlled by either Mol's management or OMV itself.The Austrian firm is starting to make the right noises,talking of a 35 billion-40 billion merger of equals,keeping the refining headquarters in Budapest,and having Hungarian representation on the combined group's board - but to little effect,it seems.With both Mol's bosses and the Hungarian government still implacably opposed,a merger between two of Central and Eastern Europe's largest oil companies looks no nearer completion.
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