MGYOY Mol Magyar Olay Es Gazipari Rt (PK)

BUDAPEST--Hungarian oil company MOL Nyrt. (MOL.BU) announced Tuesday an agreement to buy a total of 124 gasoline stations in the Czech Republic from Bohemia Realty Company sro. and Pap Oil Cerpaci Stanice sro.

MAIN FACTS:

- MOL Nyrt. announces agreement to buy 124 gasoline stations in the Czech Republic

- Fuel stations currently operated under Pap Oil brand

- The number of MOL Group's retail stations will rise to 149 in the country

- Acquisition in line with strategy to improve presence in radius of refineries, MOL says

- Transaction is subject to conditions, including regulatory clearance

- MOL closes up 1.6% or HUF265 at HUF16695 Tuesday.

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