MOL Closes OMV Slovenija Acquisition

Deals

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Hungarian oil and gas company MOL said on Friday that it closed the acquisition of Slovenian peer OMV Slovenija, temporarily raising the number of gas stations in its local filling station network above 170, according to a report by state news wire MTI.

MOL Group, in cooperation with INA, MOL Group's Croatian member, has acquired a 92.25% stake in OMV Slovenija for EUR 301 mln.

Following the closure of the deal, through an agreement between MOL and INA, the Croatian company will raise its stake in OMV Slovenija from 7.75% to 33% and 27 filling stations will operate under the INA brand.

In a few days OMV Slovenija d.o.o. will be renamed to MOL&INA d.o.o.

Péter Ratatics, who heads MOL's consumer services business, noted that the deal makes MOL Group the second largest player on the Slovenian market.

Austria's OMV had agreed to sell MOL its Slovenian unit, including 120 refueling stations and a wholesale business, in June 2021.

In March 2023, MOL said it agreed to part with 39 of its stations in Slovenia, divesting them to Shell Group, to win approval from the European Commission for the deal.

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