MOL (1 6175 HUF, 0,47%) plans to lend € 100m (US$ 148m) to INA to help it with financial difficulties. MOL will supply the funds after INA sells its natural-gas trading unit, according to an INA’s statement from yesterday. Our view: There are still limited external sources available for INA to finance its upcoming investments as well as the HRK 1.35bn (US$ 274m) tax arrears, therefore the loan secured by MOL is crucial to improve INA’s liquidity. The news is definitely positive for INA, although it is in line with the market expectations.