Bratislava - MOL Group announced its decision to make a voluntary public offer to the shareholders of SLOVNAFT, a.s. for all outstanding shares not yet held by MOL.
Through this step, MOL aims to further simplify and streamline its ownership structure and decrease administrative burden connected to SLOVNAFT's listing on the Bratislava Stock Exchange. Further details will be shared upon its approval by the Slovak National Bank.
Currently, 98.56% of Slovnaft shares are controlled by MOL. The remaining 1.44% of shares are owned by minority shareholders, a major part being private owners. Due to low trading volume of Slovnaft shares, through the voluntary public offer minority shareholders will be given the opportunity to benefit from immediate liquidity of their shares at favorable terms.
The takeover bid is subject to approval of the Slovak National Bank. The starting date of the voluntary public offer period will be communicated upon the approval of the Slovak National Bank.
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