MOL Group, a Hungarian multinational oil and gas company, agreed to acquire the Slovenian operations of OMV, an international, integrated oil, gas and chemicals firm, for €346m. The transaction is subject to required regulatory approvals and closing is expected in 2022. “With this, we are taking another decisive step towards implementing our €2bn disposal program. This divestment not only contributes significantly to our deleveraging, it also means a further strategic optimization of our portfolio,” Rainer Seele, OMV Chairman of the Executive Board and CEO.