OMV: takeover by MOL conditionally approved by EU
(CercleFinance.com) - The European Commission has announced that it has approved the proposed acquisition of OMV Slovenija by MOL.
This approval is nevertheless conditional on the sale of 39 service stations in Slovenia to the Shell group.
To address the Commission's competition concerns, MOL offered to divest to the Shell group a national retail network of 39 service stations in Slovenia, currently operated as part of the MOL and OMV Slovenija service station networks.
The Commission concluded that the proposed transaction, as modified by the commitments, would no longer raise competition concerns.
MOL and OMV Slovenija are respectively the third and second largest retail fuel suppliers in Slovenia, second only to Petrol (the largest national fuel retailer).
Copyright (c) 2023 CercleFinance.com. All rights reserved.
This approval is nevertheless conditional on the sale of 39 service stations in Slovenia to the Shell group.
To address the Commission's competition concerns, MOL offered to divest to the Shell group a national retail network of 39 service stations in Slovenia, currently operated as part of the MOL and OMV Slovenija service station networks.
The Commission concluded that the proposed transaction, as modified by the commitments, would no longer raise competition concerns.
MOL and OMV Slovenija are respectively the third and second largest retail fuel suppliers in Slovenia, second only to Petrol (the largest national fuel retailer).
Copyright (c) 2023 CercleFinance.com. All rights reserved.