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.

The project overall is valued at HRK 40.65m.

Podravka published an announcement on the ZSE stating that their Kalnik factory has formally received the co-financing agreement for the project entitled “Investment in modernization of the fruit and vegetable processing plant, new technology and new products of the Kalnik factory”.

The project overall is valued at HRK 40.65m and the Ministry of Agriculture, in accordance with the decision of the Agency for Payments in Agriculture, Fisheries and Rural Development, has approved a grant in the amount of HRK 19.4m.

Investments will be made in the procurement of new equipment for a production line for the reception, processing and aseptic filling of fruit, procurement of a vacuum boiler and preparatory works to secure additional production capacities, and replacement and modernization of existing packaging equipment.

Trading statistics for May 2021 show an average daily turnover of EUR 7.13m (+4.3% MoM).

The Bucharest Stock Exchange (BVB) observed another month in green, with BET index slightly increasing by 0.79% (closing at 11,431.12 points). We note that the index noted a strong YTD increase and is, as of end May 2021, up by 16.6%.

In terms of turnover, BVB showed a total equity turnover of EUR 142.68m. This translates into an average daily turnover of EUR 7.13m, representing an increase of 4.3% MoM.

When observing the top traded sectors, one can notice that financial and insurance sector leads the list with RON 385.7m, followed by Mining with RON 94.7m. Of the Romanian blue chips, Banca Transilvania leads the list with RON 206.4m. Fondul Proprietatea and OMV Petrom follow with RON 10.3m and RON 70.6m, respectively.

When observing the index constituents, 9 of 17 ended the month in green, while 1 observed a double-digit monthly increase. As visible from the graph below, MedLife leads the list with an increase of 13.9%. Banca Transilvania follows with an increase of 8.6%. On the flip side, Alro leads the losers with a decrease of as much as 15.3%.

Share Price Performance of BET Constituents in May 2021 (%)

With the acquisition, Medlife became the sole shareholder of the company.

MedLife published an announcement on the Bucharest Stock Exchange stating that they increased their stake in Panduri Medical Center by 10%. With the aforementioned, Medlife became the sole shareholder of the company.  As a reminder, the majority stake of 90% was acquired by MedLife 5 years ago.

Panduri Medical Center has two clinics and a central laboratory equipped with medical equipment, offering a diverse range of clinical and paraclinical investigations, conducted by a team of specialists.

We also note that the latest acquisition was announced in March this year, Medica Sibiu. To read more about it, click here.