Hungarian oil and gas company MOL Magyar Olaj- es Gazipari Nyrt. (MOL.BU) said Friday that it purchased 18,000 shares of its registered equity on the Budapest Stock Exchange Thursday.
MOL, which has been fighting off a hostile takeover attempt by its Austrian peer OMV AG (OMV.VI), said it had bought the treasury shares at an average price of 21,203 forints ($130.26) a share through OTP Bank Nyrt. (OTP.BU) as investment service provider.
Following this transaction, MOL owns 181,100 "A" series and 578 "C" series ordinary shares, the company added.