Bloomberg News

CORRECT: Hungary Reports on EU800M EON Price Not Unrealistic

February 01, 2013

(Corrects Orban comment in headline, first paragraph)

Hungary set a maximum price for the purchase of EON’s domestic gas business and press reports on EUR800 mln price “aren’t unrealistic,” Premier Viktor Orban says in interview on public radio MR1-Kossuth. * Hungary, EON signed declaration of intent on transaction, technical details to be settled before contract signed: Orban * Hungary will negotiate with Russia in future on gas purchases: Orban * Hungary will cut utility prices further: Orban * NOTE: Hungary to cut gas, electrcity prices by 30% by 2014, news website Origo reported yesterday, citing Janos Lazar, Orban’s chief of staff

To contact the reporter on this story: Edith Balazs in Budapest at ebalazs1@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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