Slovenia: PKN Orlen might acquire OMV’s retail network

, SEE Energy News

Oil refiner PKN Orlen is considering the acquisition of 120 petrol stations in Slovenia, which Austrian OMV is planning to divest, according to Polish media. Member of PKN Orlen’s Board Patrycja Klarecka said that the company analyzes all potential acquisitions in the region, so it will analyze this one as well.

Last week, Austrian OMV Group said that it is planning to divest its business operations in Slovenia as a part of 2 billion euros asset disposal program aimed to reduce group’s gearing ratio. With its limited integration within the downstream oil value chain, the divestment of the business operations in Slovenia represents a further step in OMV’s portfolio optimization. OMV currently operates 120 petrol stations in Slovenia under OMV, Eurotruck, Avanti and Diskont brands.