May 23 (SeeNews) - Slovenia's competition protection agency approved the acquisition of the Slovenian unit of Austria's OMV by Hungarian oil and gas company MOL, it said.
"The concentration complies with the competition rules," the competition regulator said in a public notice on Monday.
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Last week, EC approved the transaction following an in-depth investigation 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.
MOL signed in March an agreement to sell the 39 filling stations to Shell in order to obtain the approval of the European Commission for the transaction. The Shell Group currently operates a network of nine stations in Slovenia, eight of which are dedicated to trucks.
The Hungarian group aims to complete the transaction by June 30, MOL Slovenia said last week.
MOL unveiled an agreement in 2021 to buy a 92.25% stake in OMV Slovenia at an enterprise value of 346 million euro ($374 million). OMV Slovenia operates 119 fuel stations under the OMV, OMV Viva, Diskont, Avanti and EuroTruck brands and is also active in the wholesale supply of motor fuels, heating oil and bitumen.
($ = 0.926 euro)
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