Hungarian oil and gas firm MOL has hit glitches in its plans to list on the Warsaw stock exchange but said they involve mostly technical issues and it still proposes to list on central Europe's largest bourse.
"There are several open questions between MOL and the (Warsaw) stock exchange. But what came out in the Polish press is one sided and malicious," MOL's communications director Szabolcs Ferencz said.
MOL's comments follow a report by Polish business daily Parkiet that MOL is refusing to disclose detailed management earnings information as required by Polish regulations.
The paper added that this could delay or even halt MOL's efforts to list by early December.
"Our plans have not changed...the assumptions of the press report are far from the truth," Ferencz said.
Ferencz declined to elaborate on the dispute and said MOL would only announce the final outcome of the talks.
MOL was given conditional approval for a Polish listing by market regulators last week.
Source: Reuters
01.12.2004