- MOL increases its ALTEO stake to 39.97% after acquiring 3,064,849 shares (15.38%) from Főnix
- MOL Vagyonkezelő sells 2,654,061 WABERER'S shares (15.00%) to Főnix as part of the exchange
- Riverland Private Equity Fund purchases 1,837,686 ALTEO shares (9.22%) from Főnix in a parallel deal
- Transactions priced on 180-day average share prices with no cash flows, require regulatory approvals and are expected to close in Q2 2026, conditional on each other
Transaction overview
MOL Plc executed a share-swap with Főnix Private Equity Fund (managed by Gránit Asset Management Ltd.): MOL RES Investments Ltd (wholly owned by MOL) acquired 3,064,849 ALTEO shares (15.38%) while MOL Vagyonkezelő Kft (also wholly owned by MOL) transferred its 2,654,061 WABERER’S shares (15.00%) to Főnix.
Holdings impact
Following the exchange, MOL Group's total stake in ALTEO rises to 39.97%; concurrently, Riverland Private Equity Fund (managed by Lead Ventures Fund Management Ltd.) agreed to buy 1,837,686 ALTEO shares (9.22%) from Főnix in a parallel deal.
Pricing and cash flow
Because both WABERER’S and ALTEO are listed, the transaction was priced using each company’s 180‑day average share price and the share packages were treated as equivalent, resulting in no cash flows between the parties.
Approvals and timeline
The WABERER’S transfer requires National Bank of Hungary approval; ALTEO transfers require approval from the Hungarian Energy and Public Utilities Regulatory Office and the Hungarian Competition Authority; closings are conditional on each other and are expected in Q2 2026.
