Sev.en Energy (Pavel Tykač) and MOL in talks to acquire U.S. Steel Košice
U.S. Steel is negotiating the sale of its Košice steel mill with Czech Sev.en Energy (Pavel Tykač) and MOL of Hungary, HN sources say. All three companies declined to comment. The new investor is to acquire a majority stake and a pre-emptive right for the entire mill. Most of Tykač's assets are in power generation and coal mining. MOL owns Slovnaft in Slovakia. Last year, the current government thwarted the purchase of a 49% stake in energy distributor SSE by the Hungarian state-owned company MVM. MOL is listed on the Budapest stock exchange and has many small shareholders.
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