Croatia's INA, Hungary's MOL to take full ownership of OMV Slovenija

Petrol dd Ljubljana

08/06/2021 08:43

ZAGREB, June 8 (Reuters) - Croatian oil and gas company INA
 INAI.ZA  and its biggest shareholder, Hungary's MOL  MOLB.BU ,
have reached an agreement to buy the Slovenian operations of
Austria's OMV  OMVV.VI , INA said on Tuesday.
    INA and MOL will acquire OMV's 92.25% stake in OMV
Slovenija. The deal means INA will increase its stake in OMV
Slovenija to 33% from the current 7.75%.
    "The transaction includes 120 service stations across
Slovenia and the wholesale business," INA said in a statement,
without disclosing financial details. 
    OMV Slovenija is the country's second largest petrol
retailer behind local firm Petrol  PETG.LJ .
    "The captive market for our Rijeka refinery is granted
and...(its) long-term future is ensured," said President of
INA's Management Board Sandor Fasimon.
    "We continue to realise our strategic goals of strengthening
our presence in the region," he added.
    MOL holds just under 50% of INA, with the Croatian
government controlling close to 45%.
    
    
    
    
    
    

 (Reporting by Igor Ilic; Editing by Kirsten Donovan)
 ((igor.ilic@thomsonreuters.com; +385 1 4899 970; mobile +385 98
334 053;))