MOL sells its minority stake in Energopetrol to INA
MOL Plc. hereby informs capital market participants that it signed a share purchase agreement with INA with regard to the sale of its 33.5% equity stake in Energopetrol. Following the completion of the transaction INA holds a 67% ownership stake in Energopetrol. The rest of the company is held by the Government of Bosnia-Herzegovina with an ownership of 22.1% while a further 10.9% is publicly traded on the Sarajevo Stock Exchange.
Energopetrol is among the top fuel retailers in the country, it owns and operates more than 60 retail stations and conducts wholesale activities across Bosnia-Herzegovina. Following the completion of the deal further operational and organizational synergies are expected to be delivered as INA is a major player in the wholesale and retail motor fuel markets of Bosnia-Herzegovina.