Agip filling stations in Romania will go under the MOL brand, after Hungarian MOL agreed to buy all of Italia Eni’s filling stations in Romania, the Czech Republic and Slovakia. The deal covers Eni’s 208 filling stations in these three countries, as well as the wholesale sales activities for oil and gas in the same countries.

This will bring MOL’s network to 2,000 filling stations across 11 countries.

Prior to this deal, Eni used to run 42 Agip filling stations in Romania. After the deal is closed, MOL will reach a network of 189 filling stations locally. The acquisition package also includes the wholesale activities as well as taking over the management of the headquarters.

“This acquisition is a milestone in our retail growth strategy in CEE. The average throughput of the acquired service stations is in the top three among branded players in the Czech fuel retail market. Moreover, MOL Group becomes the second largest retail player in terms of network share on the Czech market. The group significantly increases its retail coverage in Romania and makes a great step to further enhance Slovnaft’s brand perception in Slovakia.” – said Lars Höglund, Senior Vice President of MOL Group Retail.

In the Czech Republic, MOL Group will add Slovnaft’s 24 filling stations to its PAP Oil 125 stations, while in Slovakia, 41 new filling stations from Enil will boost MOL’s network to 253 units.
MOL, headquartered in Hungary, also runs four refineries and two petrochemicals plants, under integrated supply chain management, in Hungary, Slovakia and Croatia.

In Romania, MOL had a turnover of EUR 979 million, up 5.1 percent on the previous year, while its profit stood at EUR 20.3 million.

editor@romania-insider.com