Company Statement: MOL's response to today's European Commission announcement
( March 6, 2008, 16:25 GMT | Official Statement) -- Extract: MOL notes the announcement from the European Commission that it has opened an in-depth inquiry into competition concerns in relation to OMV's proposed, hypothetical bid for MOL. MOL continues to take the view that such a merger would be bad for competition in the region and not in the interests of stakeholders, including consumers. MOL believes an in-depth `Phase II' investigation will provide a good opportunity to examine the competition concerns in detail - and will be cooperating fully with the Commission over the coming months.MOL notes the announcement from the European Commission that it has opened an in-depth inquiry into competition concerns in relation to OMV's proposed, hypothetical bid for MOL. MOL continues to take the view that such a merger would be bad for competition in the region and not in the interests of stakeholders, including consumers. MOL believes an in-depth `Phase II' investigation will provide a good opportunity to examine the competition concerns in detail - and will be cooperating fully with the Commission over the coming months....
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