BUDAPEST--Hungarian oil company MOL Nyrt. (MOL.BU) said Monday
it has signed a $150 million, eight-and-a-half-year loan deal with
the European Bank for Reconstruction and Development to finance
capital expenditures.
MAIN FACTS:
- MOL Nyrt. signs $150 million loan deal with EBRD until
end-2020
- Loan to finance replacement of three subscale LDPE units with
220kt/year unit
- Loan to also finance upgrade of steam cracker at Slovnaft
Group site in Slovakia
- Investment eyes increased naphtha off-take and maintaining
refining-petrochem synergies
- Investments will increase energy efficiency, improve quality,
reduce emissions, MOL says
- MOL was up 0.6% at HUF16,390 at 1443 GMT
Write to the Budapest Bureau at budapest@dowjones.com