Hungary has acquired a 21.2% stake in oil company, MOL, The Wall Street Journal reports. The government bought the stake for €1.88 billion from Russian oil producer, Surgutneftegaz,. Surgutneftegaz bought the stake in MOL for €1.4 billion from Austrian oil company, OMV, in March 2009. Hungary will use its foreign currency deposits of unused International Monetary Fund financing to fund the acquisition.
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