MOL Romania acquires Eni’s network in Romania

MOL Group announced yesterday the sale-purchase agreement with Eni for its downstream businesses in the Czech Republic, Slovakia and Romania, including retail network (currently under Agip brand). In total there are about 208 filling stations in 3 CEE countries: retail network grows to almost 2,000 service stations across 11 countries. According to a press release, this step contributes greatly to the Group’s Downstream strategy of increasing retail market presence, country coverage and customer base. The take-over of Eni’s wholesale business in the given countries is also part of the agreement. In line with its growth strategy, MOL Group announced also the acquisition of Eni’s retail network in the Czech Republic, Slovakia and Romania. By the integration of these networks, MOL Group targets further pronounced wholesale and retail synergies, quality enhancements in products and services, as well as operational excellence.   The acquisition is a major step for MOL Group in Romania in achieving its strategic plan to increase its market share. As a result of integrating the 42 new service stations, MOL Romania will reach a network of 189 units, placed in high traffic and premium locations, under MOL brand.  The acquisition package also includes the wholesale activities as well as taking over the management of the headquarters.

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