20.05.2023. / 16:55
LJUBLJANA – The MOL group, of which Ina is a member, received the approval of the European Commission, which fulfilled all the conditions for taking over a 92.25 percent stake in OMV Slovenia.
PHOTO: OMV
Ina and MOL received final approval from the European Commission for the takeover of OMV Slovenia, which is expected to be completed by the end of June, after which Ina will increase its share in OMV Slovenia from the current 7.75 to 33 percent, Ina reported.
The approval comes after a detailed analysis of the MOL Group on the potential takeover of the retail network OMV Slovenia. As a precondition for the European Commission’s positive decision on the takeover of OMV, MOL Group signed an agreement in March to sell 39 gas stations to Shell from its future combined retail network in Slovenia.
The conclusion of the transaction with OMV Slovenia is expected by June 30 of this year. At the same time, INA says, the agreement between MOL and INA will be implemented, according to which INA will increase its share in Slovenia’s OMV from the current 7.75 percent to 33 percent.
“Taking over the business of OMV in Slovenia will enable INA and MOL to use the entire production, logistics and refining capacities in the wider Central European region to a greater extent than today, and the MOL group in partnership with INA will become the second largest player on the Slovenian market “, he says in a press release.
It is added that at the level of the MOL Group, the belief is expressed that with this transaction and the completion of remedial measures for the protection of market competition, market competition in Slovenia will be further strengthened, because, as stated, the appearance of a strong second player will put pressure on the dominant service provider and will result in better prices and quality for all customers in Slovenia.
The leading market share in fuel sales in Slovenia is currently held by Petrol.
Source: Capital.ba – Informacija je capital by www.capital.ba.
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