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Hungary’s MOL signs $480 mln revolving credit deal

Hungarian oil and gas group MOL has signed a $480 million revolving multi-currency credit agreement, the company said. MOL announced in a statement on the Budapest Stock Exchange’s website late on Wednesday that the credit facility is coordinated by Erste Group Bank AG, Belgium’s KBC Bank and Citibank. The loan is for 3 years and can be extended, MOL said, without providing further details.