CEZ will take a one-year loan from ING, Intesa Sanpaolo and CSOB to help finance the purchase of a 7% stake in oil company MOL. CEZ signed a contract with the banks on Dec. 14, according to a company statement from yesterday. The loan will bear an interest of 17 bp above EURIBOR plus management fees. ING will act as an agent for the financing. Eva Novakova, CEZ's spokeswoman in Prague, declined to give the size of the loan, because it will be guided by the financing needs of the company. Our view: We see the news as neutral.