MOL acquires Czech, Slovak retail assets
MOL Group, Budapest, completed its acquisition from Eni SPA of retail outlets in the Czech Republic and Slovakia.
The group earlier this year acquired Eni’s retail assets in Romania, including 42 service stations, under a 2014 agreement covering the three countries (OGJ Online, Feb. 2, 2015).
The latest acquisition includes 125 service stations in the Czech Republic and 41 in Slovakia. MOL will rebrand the Agip stations mostly to the MOL brand in the Czech Republic and to the Slovnaft brand in Slovakia.
As a result of this deal and a late-2014 acquisition from Lukoil Ceska Republika, MOL now owns 316 service stations in the Czech Republic. In Slovakia it now operates 253 service stations.
The Czech and Slovak acquisitions cover Eni’s wholesale activities and aviation business but exclude its branded wholesale lubricants and specialties.