The transaction is subject to merger clearance.

Earlier today, INA published an announcement on the ZSE stating that INA and MOL reached an agreement to acquire OMV’s 92.25% stake in OMV Slovenija. The transaction includes 120 service stations across Slovenia and the wholesale business of the acquired company as well. INA already holds a 7.75% stake in OMV Slovenija and, in line with the agreement, INA shall increase its share from the current 7.75% to 33%.

The main fuel supplier for all already existing and newly acquired INA and MOL service stations in Slovenia will be INA.

OMV Slovenija operates the second largest retail network of 120 retail sites throughout Slovenia under 4 brands: OMV (108); Euro Truck (4); and Avanti/DISKONT (8).

After the acquisition INA and MOL will become 100% owners of the mentioned property. The transaction is subject to merger clearance.

As a reminder, earlier this year, OMV announced intention to divest from Slovenia. To read more about it, click here.

 In 2019, OMV Slovenia noted EUR 803m in sales and a net profit of 24.9m.