Hungarian oil company MOL has acquired Eni’s 17 Agip branded service stations in Slovenia for an undisclosed sum.
The acquired retail network will dovetail into MOL’s existing network and provides growth for local wholesale activity.
The deal strengthens MOL’s position among the top three retail network operators in the country where it already has 40 stations and provides an opportunity to establish a retail presence in the capital Ljubljana.
The deal remains subject to competition clearance by the Slovenian authorities.
Last month MOL Group has signed a deal to acquire Eni’s downstream business in Hungary.
Downstream executive vice president Ferenc Horvath, said: “ In the past 18 months we have announced the acquisition of around 450 service stations in the Czech Republic, Hungary, Romania, Slovakia and Slovenia.
“As a result we are succeeding in significantly increasing our market share and ensuring further overall margin capture for our downstream business.”