Deals
Mol Buys Ithaca’s Norway Unit Amid Pledge of Boosting Output
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Mol Nyrt. bought the Norwegian unit of Ithaca Energy Inc. as Hungary’s largest refiner expands its North Sea presence while facing a production decline in other areas.
Mol bought a 100 percent stake in Ithaca Petroleum Norge for $60 million and agreed to a discovery bonus of at most $30 million, according to a statement published on the Budapest Stock Exchange website on Friday. Mol’s shares rose as much as