Equity
Hungary Mol completes purchase of Eni pumps in Czech Rep., Slovakia
The acquisition includes 125 service stations in the Czech Republic and 41 service stations in Slovakia.
“This step confirms MOL Group’s leading role in CEE, as MOL Group’s retail network grew to more than 1,900 service stations across 11 countries," the company said in a statement.
In Czech Republic the company becomes the second largest retail player and in Slovakia further improves its countrywide coverage.
As a result of this transaction MOL Group will now own the total number of 316 service stations in the Czech Republic. The company continues in a process of the retail rebranding towards uniting the whole Czech network under two brands, MOL and Pap Oil.
In Slovakia MOL Group will operate 253 service stations under Slovnaft brand. Rebranding of newly acquired service stations will start in autumn and should be finished in 2016.
"This transaction significantly contributes to the MOL Group’s strategy of increasing our presence in the CEE," commented Lars Höglund, Senior Vice President, MOL Group Retail.
“We see a great potential in leveraging the newly acquired ENI selling points in line with our new Retail concept: we envisage to become customers’ obvious choice in fuel and in convenience retailing."
“This step confirms MOL Group’s leading role in CEE, as MOL Group’s retail network grew to more than 1,900 service stations across 11 countries," the company said in a statement.
In Czech Republic the company becomes the second largest retail player and in Slovakia further improves its countrywide coverage.
As a result of this transaction MOL Group will now own the total number of 316 service stations in the Czech Republic. The company continues in a process of the retail rebranding towards uniting the whole Czech network under two brands, MOL and Pap Oil.
In Slovakia MOL Group will operate 253 service stations under Slovnaft brand. Rebranding of newly acquired service stations will start in autumn and should be finished in 2016.
"This transaction significantly contributes to the MOL Group’s strategy of increasing our presence in the CEE," commented Lars Höglund, Senior Vice President, MOL Group Retail.
“We see a great potential in leveraging the newly acquired ENI selling points in line with our new Retail concept: we envisage to become customers’ obvious choice in fuel and in convenience retailing."
