July 8, 2011 / 6:20 AM / in 8 years

Hungary completes acquisition of MOL stake from Surgut

BUDAPEST, July 8 (Reuters) - Hungary has completed its acquisition of a 21.2 percent stake in oil group MOL by paying 1.88 billion euros ($2.7 billion) to Russian group Surgut .

“Hungary on July 7 paid the purchase price of the 21.2 percent MOL package,” the National Development Ministry said.

The government announced in May it would buy the stake from Surgut and later said it would boost its holdings to around 25 percent. (Reporting by Marton Dunai; Editing by Dan Lalor) ($1 = 0.6991 euro)

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