Hungarian gas and oil giant MOL secures a 2/3rd majority in the operator of Hungary’s top university, BME

MOL secures a 2/3rd majority in the operator of Hungary’s top university, BME
Photo: bme.hu

Péter Ratatics, who heads the consumer services business of Hungarian oil and gas company MOL, has become president of the board of BME Fenntartó, the newly established operator of the Budapest University of Technology and Economics (BME), the school told MTI on Tuesday.

The board’s other two members are Charaf Hassan, the rector of the university, and József Simola, MOL’s CFO. In June, MOL signed an agreement on the purchase of a 100pc stake in BME’s operator from the state for HUF 50bn (EUR 125 million), payable in annual installments over ten years.

MOL secures a 2/3rd majority in the operator of Hungary’s top university, BME
The general assembly of BME Fenntartó Zrt. From left to right: Tímea Horváth, head of department at the Ministry of Culture and Innovation, chair of the Supervisory Board of BME Fenntartó Zrt.; Szabolcs Rózsa, dean of the Faculty of Civil Engineering, representative of BME at the general assembly of BME Fenntartó Zrt.; Hassan Charaf, rector of BME; Veronika Varga-Bajusz, state secretary at the Ministry of Culture and Innovation; Péter Ratatics, chairman of the board of directors of BME Fenntartó Zrt.; Iván Vetési, former CEO of BME Fenntartó Zrt.; Márton Barta, managing director of BME Fenntartó Zrt. Photo: bme.hu

“The transaction aims to provide a long-term sustainable and competitive organisational and financing structure for Hungarian engineering and IT education and research and development, and to strengthen MOL’s role in the development of the Hungarian innovation ecosystem,” MOL said at the signing.

The elected board approved BME’s Organizational and Operational Regulations, which were voted by the BME Senate on 20 June. Based on the new regulations, the university’s General Directorate for Economics and Technology was established, to be led by Dávid Bauer from September on, bme.hu wrote.

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