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EUROPE

MOL bucks oil downturn

THE sinking oil price doesn't seem to have dented Hungarian major MOL Group's ambitions, reporting a strong third quarter that included securing a $US1.5 billion ($A1.75 billion) revolving credit facility two weeks ago from 15 banks to execute its growth strategy.

Anthony Barich

The $1.5 billion deal last month refinanced a €500 million ($A720.09 million) revolving credit facility which expired in September and an additional $US545 million revolving credit facility which...

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