EU backs Russia on entry into WTO: deal comes after Moscow agrees to speed up process to ratify Kyoto Protocol

Article Abstract:

European Union and Russian officials have agreed on terms for the nation's entry into the World Trade Organization, which include a compromise on Russia's natural gas prices and President Vladimir Putin's endorsement of the Kyoto Protocol.

International economic relations, Commodity & service prices, Prices and rates, Membership, International trade, European Union, World Trade Organization, Company pricing policy, Trade policy

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OMV's bid fails to sway MOL: tie-up offer comes as pressure grows to fend off Russia

Article Abstract:

Hungarian petroleum company MOL Rt has declined an unsolicited takeover bid from Austria's OMV AG, stating that OMV has significantly undervalued MOL. OMV, which already owns a 20% stake in MOL, had offered $18.31 bil. The deal indicates efforts by eastern and central Europe's gas and oil firms to ward off acquisition attempts by cash-rich Russian firms.

Acquisitions & mergers, Natural gas liquids, Petroleum refining, Oil & Gas Extraction, Oil and Gas Extraction, Austria, Mergers, acquisitions and divestments, Company acquisition/merger, Petroleum industry, Hungary, MOL Rt, OMV AG, OMV, Petroleum and gas industry software

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