Slovenia: Several non-binding offers for OMV’s fuel network

The Austrian oil company OMV operates the second largest retail fuel network in Slovenia, after Petrol. In February, OMV announced that it would sell its network of 120 petrol stations in Slovenia, citing the optimization of the investment portfolio as the main reason for this decision. Petrol has 318 petrol stations, while OMV has 120 and holds a market share of about 20 %. The Austrians announced the sale of the Slovenian part of the company at the beginning of the year, but now they have already received several non-binding offers.

According to Slovenian media, there is considerable interest in the purchase, and among the iterested parties is Polish PKN Orlen, Azerbaijani SOCAR, Greek Coral (which operates under Shell brand) and Hungarian MOL. The Hungarian oil and gas company is already present in the country with about 50 petrol stations. The takeover price could range between 250 and 360 million euros.

OMV Group has announced the sale of its assets worth 2 billion euros in total, which should be completed by the end of the year. The Slovenian business could be sold by September.

OMV entered the Slovenian market in 1992, when it founded OMV Istrabenz together with Istrabenz and Croatian INA.

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