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OMV selling Slovenian unit to MOL

Deals

Image by B7 Photography / Shutterstock.com

Austrian oil and gas company OMV yesterday said it agreed to sell its Slovenian unit to Hungarian peer MOL Group for EUR 301 million, according to origo.hu.

The deal includes 120 petrol stations and OMV's wholesale business in Slovenia.

As part of the agreement, MOL will assume outstanding lease liabilities resulting in a total enterprise value for the business of about EUR 346 mln, OMV said. The purchase price is subject to customary net working capital and net debt adjustments, it added.

The deal is expected to close in 2022, pending regulatory approval.

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