INA-Industrija nafte, d.d. (ZGSE:INA) and MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság (BUSE:MOL) reached an agreement to acquire remaining 92.25% stake in OMV SLOVENIJA trgovina z nafto in naftnimi derivati, d.o.o. from OMV Downstream GmbH for approximately 350 million on June 8, 2021. The transaction includes purchase price amounting to 301 million for shares and assumption of outstanding liabilities, resulting in a total enterprise value for the business of approximately 346 million. The purchase price is subject to customary net working capital and net debt adjustments.
Under the transaction, INA-Industrija nafte, d.d. will increase its stake in OMV SLOVENIJA trgovina z nafto in naftnimi derivati, d.o.o., Koper from current 7.75% stake to 33% stake. The transaction is subject to required regulatory approvals and closing is expected in 2022. This transaction will reduce OMV's debt by approximately 290 million which will have a positive impact on OMV's gearing.
Ákos Fehérváry, Dániel Orosz and Gerhard Hermann of Martonyi Law firm acted as legal advisor for MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság. The deal is subject to approval by competition authorities.