BUDAPEST--Hungarian oil and gas company MOL Nyrt. (MOL.BU) said Wednesday that it signed an agreement with Eni SpA (E) on buying the Italian firm's 17 filling stations and wholesale activities in Slovenia.

Financial terms weren't disclosed.

MAIN FACTS:

- MOL signed agreement with Eni International B.V. on the acquisition of the entire share capital of Eni Slovenia doo. The agreement relates to Eni's entire retail network and its wholesale activities in Slovenia.

- The deal includes 17 Agip branded service stations in Slovenia, including dealer-owned sites, which will strengthen MOL's position among the top three retail network operators in the country.

- The deal will complement MOL's current Slovenian network of 40 stations and provides an opportunity to establish its retail presence in Ljubljana.

- Over the past 18 months MOL 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," said Ferenc Horvath, downstream executive vice president of MOL.

Write to Margit Feher at margit.feher@wsj.com

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(END) Dow Jones Newswires

November 11, 2015 04:22 ET (09:22 GMT)

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