Slovnaft agrees on 200 mln euro credit from a syndicate of eight banks

09-Dec-13

Slovak oil refiner Slovnaft, a unit of Hungary's MOL has agreed a 200 million -euro credit from a syndicate of eight banks, as per Reuters. The loan, for general corporate purposes, was coordinated by Czech KBC unit CSOB, UniCredit is the agent. Terms of the loan were not specified. Slovnaft has started building a 200 mln euro polyethylene unit this year along with additional investments into plastics production that will raise the overall investment to over 300 mln.