Russian major Surgutneftegas surprised the market by agreeing to buy a 21.1% share of Hungarian oil and gas company Mol from Austria's OMV for ?1.4 billion ($1.86 billion). The deal, which is Surgut's first acquisition outside Russia, signaled the end of OMV s attempt to buy regional rival Mol, but ensured Mol's future remains uncertain at best.Surgut agreed to buy nearly 22.2 million Mol shares at an average price of 19,212 Hungarian forints ($83.55) per share, almost double Mol's closing price of 9,940 forints/share on Mar. 27, the last day of trading before the deal was announced. The deal is due to be completed this month.
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