MOL Group completes acquisition of ENI stations in Czech Republic and SlovakiaStaff writer ▼ | August 4, 2015
MOL Group has completed the acquisition of ENI's Czech and Slovak downstream business, including retail network under Agip brand.
Oil industry 166 service stations in Europe sold
Agip service station in both countries will be rebranded, in the Czech Republic mostly to MOL brand and in Slovakia to Slovnaft brand.
As a result of this transaction and an acquisition of Lukoil Ceska Republika’s service stations at the end of 2014, 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 network under two brands – MOL and Pap Oil.
By the end of the year, MOL plans to offer its quality fuel and services on more than 80 MOL service stations in the Czech Republic including almost 40 newly acquired service stations and 44 former Lukoil service stations. As a result of current acquisitions, the new organization will belong to the 10 biggest companies on the Czech market.
In Slovakia MOL Group will operate 253 service stations under Slovnaft brand. Rebranding of newly acquired service stations will start in autumn. Rebranding process should be finished in 2016.
The acquisition in both countries, a share deal, includes also the wholesale activities and aviation business as well as taking over the personnel of the headquarters. It excludes, however, the ENI business of branded wholesale lubricants and specialties. ■