INA-Industrija nafte, d.d. and MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság reached an agreement to acquire remaining 92.25% stake in OMV SLOVENIJA trgovina z nafto in naftnimi derivati, d.o.o. from OMV Downstream GmbH.
May 17, 2023
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INA-Industrija nafte, d.d. (ZGSE:INA) and MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság (BUSE:MOL) reached an agreement to acquire remaining 92.25% stake in OMV SLOVENIJA trgovina z nafto in naftnimi derivati, d.o.o. from OMV Downstream GmbH for approximately ?350 million on June 8, 2021. The transaction includes purchase price amounting to ?301 million for shares and assumption of outstanding liabilities, resulting in a total enterprise value for the business of approximately ?346 million. The purchase price is subject to customary net working capital and net debt adjustments. Under the transaction, INA-Industrija nafte, d.d. will increase its stake in OMV SLOVENIJA trgovina z nafto in naftnimi derivati, d.o.o., Koper from current 7.75% stake to 33% stake. The transaction is subject to required regulatory approvals and closing is expected in 2022. As of May 18, 2023, the European Commission (EC) approved the purchase of the Slovenian unit of Austria's OMV by Hungarian oil and gas company MOL. The approval follows an in-depth investigation of the proposed acquisition and is conditional on the divestiture of 39 fuel stations in Slovenia, currently operating as part of the fuel station networks of both MOL and OMV, to the Shell Group. This transaction will reduce OMV?s debt by approximately ?290 million which will have a positive impact on OMV?s gearing. Ákos Fehérváry, Dániel Orosz, Gerhard Hermann, Noemi Kalmár, Zoltán Barakonyi and Márton Horányi of Martonyi és Kajtár Baker & McKenzie acted as legal advisors for MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság. The deal is subject to approval by competition authorities. On 9 March 2023, MOL Group signed a salesagreement with Shell for 39 service stations in Slovenia, some of which are owned by MOL Slovenia and some by OMV Slovenia which is one of the key requirements for obtaining clearance from the European Commission for the announced takeover of OMV Slovenia by MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság (BUSE:MOL) and INA-Industrija nafte, d.d. (ZGSE:INA).
INA-Industrija nafte, d.d. (ZGSE:INA) and MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság (BUSE:MOL) completed the acquisition of remaining 92.25% stake in OMV SLOVENIJA trgovina z nafto in naftnimi derivati, d.o.o. from OMV Downstream GmbH on May 18, 2023. Franz Urlesberger, Bianca Duca, Markus Piuk, Alfred Amann (Austria), Vid Kobe, Peter Gorse, Tisa LjubetiÄT (Slovenia) of Schoenherr acted as legal advisor to OMV Downstream.
MOL Magyar Olajes Gazipari Nyrt, formerly known as MOL Plc, is a Hungary-based company active in the oil and gas industry. Its core activities include exploration and production of crude oil, natural gas and gas products; refining, transportation, storage and distribution of crude oil products at both retail and wholesale; transmission of natural gas; and production and sales of petrochemical product, such as gasoline, bitumen, olefin and polymer products, among others. Its business is divided into three divisions: Downstream, operating refineries, petrochemical plants, and filling station network supplied by logistics system; Upstream, comprising exploration and production assets; and Gas Midstream, engaged in gas transmission, storage and trading business. The Company forms a capital group with its subsidiaries, associated companies and joint ventures. It operates in around 40 countries in Europe, the Middle East, Africa and Asia. It operates ENI Romania as a wholly owned subsidiary.
INA-Industrija nafte, d.d. and MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság reached an agreement to acquire remaining 92.25% stake in OMV SLOVENIJA trgovina z nafto in naftnimi derivati, d.o.o. from OMV Downstream GmbH.
MOL MAGYAR OLAJ- ÉS GÁZIPARI NYILVÁNOSAN MUKÖDO RÉSZVÉNYTÁRSASÁG 
