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Hungary's MOL Sells BaiTex Stake to Turkey's TPAO for $175 Million

Hungary

ISTANBUL--April 7, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--Hungary's partly state-owned energy group MOL (BUD:MOL) (Budapest, Hungary), closed a deal to sell a 49% stake in upstream company BaiTex LLC to Turkey's state-owned oil company Turkish Petroleum Corporation (TPAO) (Ankara, Turkey) for $175 million.

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