Mol: The «Magyar» defence

Ingenious Hungarians invented the biro, the helicopter, the rubik cube, and also a language that almost nobody else understands. Now they seem to have invented a devilishly tricky - and perhaps unique - corporate defence strategy as well. Its aim is to protect local energy company Mol, which has a market capitalisation of E13bn, from an unwanted bid by Austrian oil and gas firm OMV. OMV has built up an almost 19% stake in Mol, and said it wants takeover talks, although it has not yet launched a...