Moravske naftove doly buys majority stake in two Russian oil firms

The Czech Republic's biggest mining company, Moravske naftove doly (or MND), has bought a 76% share in two Russian oil firms, it was announced on Wednesday. A spokesperson for MND revealed that the firm had bought a majority stake in both Nikolajevkaneft and VostokInvestNeft, in a deal worth hundreds of millions of crowns. He did not, however, divulge the exact amount of money involved.