ZAGREB (Croatia), September 15 (SeeNews) - Croatian oil and gas group INA said it has signed an agreement with its top shareholder, Hungarian oil company MOL, to increase INA's share in Slovenia's second largest fuel retailer OMV Slovenija to 33% from 7.75%.
“As announced earlier, total transaction includes 120 service stations across Slovenia and the wholesale business. The transaction is subject to closing the share purchase agreement between OMV and MOL and competition authorities' clearance,” INA said in a statement filed to the Zagreb bourse on Wednesday morning.
In June, INA and MOL announced that they agreed to acquire a 92.25% stake in OMV Slovenija from Austrian oil, gas and chemicals group OMV without disclosing the value of the deal.
However, OMV said in a separate statement that the agreed purchase price amounts to 301 million euro ($355.5 million) for a 100% stake. MOL is the largest shareholder of INA with almost 50%, followed by the Croatian government with some 45%.
INA's share last traded on Tuesday, ending 0.59% lower at 3,380 kuna ($534/452).
1 euro = 7.478 kuna)