The Hungarian oil company, Mol got the European Commission's approval for buying Eni's Hungarian and Slovenian subsidiaries. After the transaction, Mol will manage 183 AGIP petrol stations.
According to the EC statement, Mol's deal won't violate the EU fusion regulatory law. Buying Eni Hungaria and Eni Slovenia won't offend market leaders', or any other players', interests, it won't market conditions either. Now holding the EC permission, Mol will probably finalize the deal with Eni on its subsidiaries very soon
MOL signed an agreement with Eni last October for the acquisition of the entire share capital of Eni Hungaria, a company managing 183 AGIP branded service stations in Hungary as well as wholesale activities in the country. With the integration of this network MOL realizes significant wholesale and retail synergies as well as cost optimization.
MOL has purchased the Italian company’s downstream businesses in the Czecz Republic and Slovakia, which also included the Agip retail network.
