Czech Republic: OMV Withdraws, MOL Expands

Business › n.a. ♦ Published: July 4, 2012; 18:49 ♦ (Vindobona)

The Hungarian oil and gas group purchased 124 petrol stations in the Czech Republic. The Austrian OMV continues its downsizing strategy.

Czech Republic: OMV Withdraws, MOL Expands / Picture: © Wikimedia Commons / Mgr.Ing. Jozef Kotulič [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)]

MOL has acquired 124 petrol stations of the brand „Pap Oil“ through its subsidiary Slovnaft. Now, MOL operates 149 stations in the Czech Republic. The market share is now at 5.0%.

„The investment is a part of the strategic plan of MOL to strengthen its presence at the Czech market and to increase its share in the petrol retail market.“ In the medium term, MOL aims to…

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Czech Republic, MOL, OMV, Hungary, Oil Industry, M & A, Expansion, Downsizing
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HU0000068952, AT0000743059
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