The European Commission has approved, in accordance with the EU Regulation on concentrations, the proposed acquisition of OMV Slovenia by MOL. The approval is conditional upon the divestment of 39 petrol stations in Slovenia to the Shell group.
This decision followed a thorough investigation into the proposed acquisition of OMV Slovenia by MOL. MOL and OMV Slovenia are, rightfully, the third and second largest retail fuel suppliers in Slovenia, immediately after Petrol (i.e., the leading national retailer of motor fuels).
After a market investigation, the Commission concluded that the transaction, as originally notified, would harm competition in the retail market for motor fuels (petrol and diesel) for consumers in Slovenia.
To address the Commission’s concerns regarding market competition, MOL offered to sell a retail network of 39 petrol stations in Slovenia, which currently operates as part of the MOL and OMV Slovenia petrol station networks, to the Shell group.
The Commission concluded that the proposed transaction, as modified by the commitments undertaken, would no longer raise concerns regarding market competition. The decision is conditional upon full compliance with the commitments.
– MOL and OMV are among the largest fuel producers in Slovenia. We must ensure that the fuel market remains open and competitive and directed, especially in the context of the current energy crisis – stated Executive Vice-President Margrethe Vestager, responsible for competition policy.
