MOL Nyrt.’s extraordinary general meeting on Thursday approved the organizational restructuring, as a result of which the group will continue to operate under a holding structure, the company announced.
The decision aims to make MOL’s operations more flexible, responsive, and transparent. The transformation will bring the legal structure into line with existing business operations and management models. The move is in line with international trends in the oil and energy industry.
Under the new structure, MOL Nyrt. will remain the holding company responsible for strategic management, financing, and control, while the individual business segments — Upstream, Downstream, and Retail — will continue to operate as independent companies wholly owned by MOL.
The introduction of the holding structure also serves MOL’s long-term transformation program, aiming to strengthen sustainability, digitalization, and operational excellence.
The transition to the new structure is expected to be completed by March 30, 2026, including court filings and registrations. It will not affect the economic or voting rights of shareholders and will not involve any revaluation. The change is solely intended to improve the group’s operational efficiency, transparency, and long-term competitiveness, the oil company stated.
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Via MTI; Featured photo: MTI/Hegedüs Róbert
The post MOL Shifts to Holding Structure after Extraordinary General Meeting Approval appeared first on Hungary Today.
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