Eni sells Slovenian downstream business to MOL

Hungary-based MOL Group signed an agreement with Italian energy leader Eni for the acquisition of the entire share capital of Eni Slovenia doo., a company managing 17 Agip branded service stations in Slovenia. 

The acquired retail network is a perfect match to MOL’s existing network and also provides growth for local wholesale activity, according to MOL officials.

MOL signed an agreement with Eni relating to the acquisition of Eni’s entire retail network and wholesale activities in Slovenia. The current deal includes 17 Agip branded service stations in Slovenia (including dealer-owned sites), which will strengthen MOL’s position among the top three retail network operators in the country. 

The deal will complement MOL’s current Slovenian network of 40 stations and provides an opportunity to establish a retail presence in Ljubljana, the company said.

Closing of the transaction is subject to the fulfilment of certain condition precedents, including the competition clearance. 

“We are very glad that with this transaction we are strengthening our position in Slovenia and extending our coverage to the capital, Ljubljana," said Ferenc Horváth, executive vice president of MOL Group's downstream business. 

"In the past 18 months we have announced the acquisition of around 450 service stations in the Czech Republic, Hungary, Romania, Slovakia and Slovenia," he added. "As a result, we are succeeding in significantly increasing our market share and ensuring further overall margin capture for our downstream business."