MOL Signs Agreement to Acquire Eni Slovenia
MOL has signed an agreement with Eni International B.V. for the acquisition of the entire share capital of Eni Slovenia.
The deal includes 17 Agip branded service stations in Slovenia, which will strengthen MOL’s position among the top three retail network operators in the country. Closing of the transaction is subject to the fulfilment of certain condition precedents, including the competition clearance.
Ferenc Horváth, MOL Group downstream executive VP, commented in a company statement:
“We are very glad that with this transaction we are strengthening our position in Slovenia and extending our coverage to the capital, Ljubljana. In the past 18 months we have announced the acquisition of around 450 service stations in the Czech Republic, Hungary, Romania, Slovakia and Slovenia. As a result we are succeeding in significantly increasing our market share and ensuring further overall margin capture for our downstream business.”
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