Mol has signed a purchase agreement to buy 15 percent of Waberer’s

By: Trademagazin Date: 2023. 12. 06. 10:43

Mol signed an agreement with Indotek Group on the purchase of 15 percent of Waberer’s. At the same time as the transaction, Mol and Waberer’s entered into a strategic cooperation agreement, with which they will strengthen their business cooperation in the fields of complex logistics services, alternative fuels, energy efficiency developments and the green energy transition, announced the major oil company listed on the Budapest Stock Exchange.

And Indotek also announced in a statement that it will sell its 28.9 percent stake in Waberer’s International Nyrt., which it acquired in 2020; the remaining shares after 15 percent are passed on through an investment service provider.

Mol’s announcement emphasized: the strategic agreement of the two companies supports the long-term sustainability objectives of the Mol group.

Indotek Group will sell 15 percent of Waberer’s shares to Mol Nyrt.’s 100 percent subsidiary, Mol Vagyonkezelő Kft., if the acquisition of the relevant licenses makes this possible, they wrote.