Altalanos Ertekforgalmi Bank Zrt., owned by the investor Megdet Rahimkulov, bought a 1 percent stake in Mol Nyrt., Napi Gazdasag reported, citing unidentified brokers and stock exchange data. Rahimkulov, the richest man in Hungary, purchased 1.1 million shares of Mol in a transaction worth 24.5 billion forint ($132.8 million) through AEB, the newspaper said, citing the brokers.
Our view: According to market rumors the total share owned by Rahimkulov may already range between 5-10%, which can further fuel takeover speculations. This could be slightly supportive for the shate price in the short term.