MOL Group, of which INA is a member, received the approval of the European Commission, which fulfilled all conditions for taking over a 92.25% stake in OMV Slovenia. The approval comes after an in-depth analysis of the potential takeover of the retail network OMW Slovenia by MOL Group.
As a precondition for the European Commission’s positive decision on the takeover of OMV, in March 2023 MOL Group concluded an agreement on the sale of 39 gas stations to Shell from its future combined retail network in Slovenia.
At the level of MOL Group, the belief was expressed that market competition in Slovenia will be further strengthened by this transaction and the completion of remedial measures for the protection of market competition, because 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 conclusion of the transaction with OMV Slovenia is expected by 30 June 2023. At the same time, an agreement between MOL and INA, as a member of the MOL Group, will be implemented, according to which INA will increase its share in OMV Slovenia from the current 7.75 percent to 33 percent.
The takeover of OMV’s operations in Slovenia will enable INA and MOL to utilize the entire production, logistics and refining capacities in the wider Central European region to a greater extent than today, and MOL in partnership with INA will become the second largest player on the Slovenian market.
Full announcement INA and MOL received final approval for the takeover of OMV Slovenia - INA, d.d.
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