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.