Dana launches $140m MOL sale
A $140m stake in Hungarian oil firm MOL was in the market on Thursday evening with Dana Gas selling a 1.6% stake with a discount of up to 5.5%
Bank of America Merrill Lynch and Citi are joint bookrunners. They gave guidance of Hf17,515-Hf18,525, a discount of 5.5% to market for the 1.675m shares.
Dana Gas owns 3% of the firm. There is a 90 day lock-up.
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