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OMV Closes Sale of Slovenian Assets to Mol Group

OMV has completed the sale of OMV Slovenia to MOL Group, including the firm’s filling stations and its wholesale business.

This divestment supports the company’s journey of transformation to become a sustainable and net-zero emissions company by 2050. OMV’s fuel retail network in the country consists of 120 service stations.

The initial purchase price received at closing amounts to €311 m for the 92.25% stake.

OMV operates around 1,700 filling stations in eight European countries and intends to transition from an integrated oil, gas, and chemicals company to become a leading provider of innovative and sustainable fuels, chemicals, and materials. By switching over to a low-carbon business, the firm aims to achieve net zero by 2050.

Source: petrolplaza