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Mol completes sale of gas units to E.ON

Hungarian oil and gas company Mol Rt completed the sale of two gas units to Germany’s E.ON AG on Friday, Mol said in a stock exchange statement.

E.ON paid €300 million for Mol's natural gas transport and storage units and will assume about €600 million in debt. Additional payments of up to €290 million may be made depending on possible price adjustments.
Mol will spend the proceeds of the sale on exploration, refining and marketing, the company said in today's statement.