Perspective
16 January 2014
EBRD leads refinancing for Hungarian gas storage facility
In:
Agri/Soft Commodities, Infrastructure, Manufacturing & equipment, Metals and Mining, Oil & gas, Power, Renewables, Telecoms and Communications, Transport, Waste and water
Region:
Middle East & Africa, Americas, Asia-Pacific, Europe
The European Bank for Reconstruction and Development (EBRD) has led the refinancing of a strategic Hungarian gas storage facility, after majority stakeholder MOL sold its stake in the unit to the Hungarian Development Bank and the Hungarian Hydrocarbon Stockpiling Association. The deal signals something of a return for project financing in Central and Eastern Europe.
