INA and MOL to buy 92.25% of OMV Slovenija

Croatian oil and gas group INA and its top shareholder, Hungarian oil company MOL, will acquire a 92.25 percent stake in Slovenia's second largest fuel retailer OMV Slovenija d.o.o. from Austrian oil, gas and chemicals group OMV, according to INA representatives.

The transaction comprises 120 filling stations across Slovenia as well as OMV Slovenija's wholesale business. INA did not disclose the price of the acquisition but OMV said that the agreed purchase price amounts to EUR 301 million for a 100 percent stake.

“As part of the agreement, MOL Group will assume outstanding lease liabilities resulting in a total enterprise value for the business of approximately 346 million euro,” added OMV added.