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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.