OMV selling Slovenian unit to MOL

Deals

Image by B7 Photography / Shutterstock.com

Austrian oil and gas company OMV yesterday said it agreed to sell its Slovenian unit to Hungarian peer MOL Group for EUR 301 million, according to origo.hu.

The deal includes 120 petrol stations and OMV's wholesale business in Slovenia.

As part of the agreement, MOL will assume outstanding lease liabilities resulting in a total enterprise value for the business of about EUR 346 mln, OMV said. The purchase price is subject to customary net working capital and net debt adjustments, it added.

The deal is expected to close in 2022, pending regulatory approval.

Hungary Account Deficit at EUR 561 mln in Q4 Debt

Hungary Account Deficit at EUR 561 mln in Q4

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.