Hungary

Hungary
On July 31, MOL signed an agreement to purchase 100% of the Italiana Energia i Servizi (IES) company in Mantua, northern Italy, for a price of almost $800 million (including $300 million to cover the IES debts). MOL is thereby acquiring the refinery near Mantua with a processing capacity of 2.6 million tons of crude annually, as well as a network of 165 fuel stations (including 35 fully-owned) in northeastern Italy. With an additional investment of $130 million, MOL plans to increase the plant