Hungary Mol chief says group could buy more petrol stations

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Hungarian oil and gas group Mol could buy more petrol stations to take advantage of a shift in consumer demands from just refuelling to shopping and using services such as car-sharing, its Chief Executive Officer told German daily Handelsblatt on Tuesday.
"We are happy with our current market presence in central and southeastern Europe. But if there are good opportunities we will continue to buy in the future. We are open for acquisitions," Reuters cited Zsolt Hernádi as telling daily Handelsblatt in an interview published today.

Hernádi added petrol stations could in the future offer car-sharing, parcel pickup services and alternative energy sources.Hernádi told Reuters this month he planned to invest in new chemical plants to cut its dependence on producing fuel for cars, while also buying more upstream assets and selling goods and services in its petrol stations.

The CEO reiterated what the company said in a presentation for investors earlier this month, namely that Mol expects refining/chemicals transformational capex to total around USD 4.5 billion until 2030. Up to USD 1.9 bn of this sum would be spent in petchem/chemicals in 2017-21.

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Hernádi also noted he is willing to follow any invitation to appear in a Croatian court - in connection with bribery allegations - that is sent to him in accordance with the law.

"So far I have not received any such invitation from a Croatian court," he says.

Interpol earlier this month dropped an arrest warrant for Hernádi.
 

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