MOL Closes OMV Slovenija Acquisition

Image by Postmodern Studio / Shutterstock.com

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.

Sustainability

The Hungarian Forestry Firm Working to Restore Soil, Spread Carbon Credits

Music

Dániel Franczia, Veszprém’s Master of the Egyptian ‘Goblet Drum’

Deals

Hungary to Acquire Controlling Stake in GySEV

Construction

Hungary’s Construction Activity Falls in July

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.